White-collar criminals are opportunists, who over time learn they can take advantage of their circumstances to accumulate financial gain. They are educated, intelligent, affluent, confident individuals, who were qualified enough to get a job which allows them the un-monitored access to often large sums of money.

Cash larceny is the intentional taking of the business’s cash (currency and checks / wire transfers) without the consent of the employer. Cash larceny is an on-book scheme where the cash has been recorded on the company’s books. A fraudulent disbursement is the most common form of asset misappropriation.

Non-cash misappropriation is any scheme where an employee steals or misuses non-cash assets from the victim organization. Assets could include vehicles, office equipment, field machinery or equipment and tooling. Non-cash schemes have more of a risk then general cash larceny schemes. They have an average fraud loss of $80,000 per fraud occurrence and lasted an average of 12 months before detected.

Expense Reimbursement Schemes are when an employee requests reimbursement for a personal expense claiming the expense was for business. Often times the employee will pass the same expense off again a few months later to be reimbursed a second time which is called a multiple reimbursement scheme. These schemes have an average fraud loss of $30,000 and lasted 24 months before detected.