2011 was another banner year for employee theft in the United States, continuing the frenetic pace set in 2010. In this report, we identified, researched and analyzed the details of 473 major embezzlement cases in the US active in 2011, a slight 2% decrease in the number of cases from 2010.
Over 5% of the reported cases were against Real Estate Companies with the average loss totaling over $180,000 per occurrence.
The average loss for 2011 was about $750,000; the median loss was $340,000.
Nearly three-quarters of the incidents (72.3%) were committed by employees who held
finance/ bookkeeping & accounting positions.
The average scheme lasted nearly 5 years.
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