Who commits more fraud, is it men or women? I got some good intel. Stay tuned to find out.
Hi I’m Fraud Busting Body Language Expert Traci Brown and lately I’ve been in some pretty interesting discussions—who commits more fraud—is it men or women? So I talked to my friend Kelly Paxton about it. She’s a certified fraud examiner and has worked places like Nike. She helps companies discover and stop embezzlement.
She’s an expert on Pink Collar crime. That’s crime typically committed by females in jobs low on the corporate ladder. Book keeping and clerical jobs for example. Yes it can be done by men too. But typically we find women in these roles.
And she says that women are way better at committing fraud than men. She says that men take more money in bigger chunks and in shorter time frames mostly because of their position. They tend to be higher up in companies than women. So they have access to bigger amounts.
According to the Association for Certified Fraud Examiners, The median take for men is $156k over just a few months. Women take smaller chunks of money over longer time periods. Ladies median take is $89k and their schemes often run years.
Ladies take 43 to 50 cents on the dollar compared to men. And it’s easy to do because nobody is watching the small stuff. Whenever you’re tempted to just trust what that sweet lady that’s worked for you forever is doing—DON’T.
Make sure you give everyone at every level the same scrutiny. You may just save yourself lots of money and be glad you did. You can find the full interview with Kelly on my blog at http://www.BodyLanguageTrainer.com/Blog.
And I’ve got some great articles posted there about the fraud gender gap.