So who is a typical fraudster?
Research indicates that the typical corporate fraudster is:
- Well liked and respected
- Has pressing financial need e.g. has a gambling or drug problem
- University educated
- Close relationship with suppliers; and
But don’t be fooled by people who don’t fit this stereotype! Don’t trust a person just because they are older, are female, appear to be wealthy, are well dressed, operate from an exclusive address, or promise you something of value. Notably, people that commit fraud understand human emotions and how to manipulate them.