Embezzlement is a Pattern of Behavior, and It Doesn’t Happen Overnight
If you think embezzlement is only something that happens at large corporations — where one bad egg out of hundreds of employees can escape with cash unnoticed — think again. Occupational fraud, or the misuse of an organization’s resources by someone within the organization, is a threat to companies and nonprofits both big and small.
But fraud isn’t something that happens overnight. On average, fraudsters can get away with their crimes up to 18 months before they’re detected, according to the Association of Certified Fraud Examiners’ (ACFE) 2014 fraud report. That same report showed that employees in certain positions are more likely to commit fraud than others. Executives committed fraud in 19 percent of cases studied, followed by managers (36 percent) and employees (42 percent).