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CORPORATE FRAUD HANDBOOK

Exhibit 1.26

2006 National Fraud Survey: Median Loss by Criminal Referral Status

Case Reported to Police

Yes

No

$100,000

$200,000

$0

$50,000

$100,000 $150,000 Median Loss

$200,000

$250,000

contest. This occurred in nearly 38 percent of the referred cases. Another 8 percent of perpetrators were convicted at trial, while less than 1 percent (only one perpetrator) was acquitted. In 6 percent of cases the state declined to prosecute the offense. Anecdotal ev- idence had suggested this number would be higher. (See Exhibit 1.27.)

Civil Suits

Civil suits were a much less common response to occupational fraud than were criminal referrals. This was to be expected. A civil lawsuit can be very costly for an organization

Exhibit 1.27

2006 National Fraud Survey: Results of Criminal Referrals

Pending

48.7%

Criminal Case Result

Pled guilty/no contest

Declined to prosecute

5.8%

Convicted at trial

7.6%

37.7%

Acquitted

0.1%

0.0%

10.0%

20.0% 30.0% 40.0% Percent of Cases

50.0%

60.0%

40

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