Annual Report on Embezzlement Released
January 14, 2010 10:03 AM Eastern Time
BOSTON--(EON: Enhanced Online News)--Marquet International Ltd. announced today that it has released TheMarquet Repor
Embezzlement – its annual study of major embezzlement cases in the United States. The study has some noteworthy findings, inclu
l The average loss was more than $1 million; the median loss was $386,500.
l More than 60 percent of the incidents involved female perpetrators
l However, male perpetrators embezzled nearly twice as much as females, on average
l 40 – 49 year olds caused over 40 percent of all the losses
l Nearly 25 percent of all losses were inflicted upon financial institutions
l Two-thirds of the incidents were committed by employees who held finance & accounting positions
l The average scheme lasted nearly 4½ years
The Marquet Report On Embezzlement examined 415 major embezzlement cases active in the US in 2009 – those with more tha
reported losses. “It is amazing that we had a pool of more than 400 cases to examine from 2009, which means that on average, ther
embezzlement case in the news each and every day last year,” said Christopher T. Marquet, CEO of Marquet International.
Combining the past two years’ analysis leads Marquet to several conclusions:
l Women are more likely to embezzle on a large scale than men.
l Men embezzle significantly more than women per scheme.
l Perpetrators typically begin their embezzlement schemes in their early 40s.
l By a significant margin, embezzlers are most likely to be individuals who hold financial positions within organizations.
l The Financial Services industry suffers the greatest losses from major embezzlements.
l Gambling is a clear motivating factor in driving some major embezzlements.
l Major embezzlers have a prior criminal history in less than 10 percent of the cases
“While major embezzlers continue to more likely be women, men still steal a lot more, on average. It is also interesting to note that t
4½ years on averag