Insurance Journal: Portrait of an Employee Fraudster

It may come as a surprise to some that the typical fraudster in the workplace is not the bad-attitude ne’er-do-well that slinks off into the corner when faced with new responsibilities and additional tasks. Rather, the high-performing extrovert that never takes a vacation is more likely to perpetrate a fraud against his employer.

They’re generally male, according to Mark Lowers, president of the Purcellville, Va.-based international risk management firm, Lowers & Associates. “They’re typically tenured, people that have been with an organization for quite some time and are generally high performers. People like them. They do well, they’re risk takers but they get the job done,” Lowers said during a presentation at the 2013 Risk and Insurance Management Society’s annual conference.

More often than not, they are people within the organization that are respected by senior management; in fact, 25 percent of perpetrators are senior managers. They are in the position to be able to do something, Lowers said. And generally, motivated by greed or debt, they act alone.

While 85 percent of occupational fraudsters are males between the ages of 30 and 45, some of the most creative perpetrators are women.

Read more of Stephanie Jones’ article at Insurance Journal.
http://www.insurancejournal.com/news/midwest/2014/01/23/317956.htm

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