Typical fraudsters are trusted managers, says research

Kashflow logo
Share this content

The typical company fraudster is a trusted male executive who will get away with their underhand dealings for up to five years, research from KPMG Forensic has found. Matt Henkes reports.

The study said that the fraudster will usually commit up to 20 fraudulent acts in this period.

After looking at 360 real fraud cases, KPMG found that the pattern is similar across all regions. The typical fraudster is aged between 36 and 55, it said. "By the time he starts enriching himself by illegal means, he has usually been employed by the company for six or more years."

The fraudster often worked in the finance department and committed their crimes single handed, it added. In 86% of cases, the perpetrator was employed at management level, while two thirds were senior managers.

"Greed and opportuni...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.