THE "TYPICAL" WORKPLACE FRAUDSTER

The "typical" workplace fraudster is a middle-aged male (30-49 years old) who has both the motive (such as financial difficulties at home) and the means (access to a company credit card, check book, expense account, sales and shipping documents, etc) to pilfer small sums from his employer. According a recent study by the accounting firm KPMG, the fraudster is probably working in operations, accounting or procurement.

"Insider" fraud is, by far, the largest single category of corporate fraud, most of which goes unreported. Companies seem to prefer taking their own disciplinary measures against wayward employees ---recouping the losses and then firing the person --- rather than face the publicity that comes with a prosecution.

However, it is often that reluctance to call in the police and prosecute that sends a dangerous signal to would-be fraudsters --- don't worry because, if you get caught, we can work it out amongst ourselves.