Knowledge Center

What do I Need to Know about Fraud and Embezzlement?

According to the Association of Certified Fraud Examiner’s Report to the Nations on Occupational Fraud & Abuse, worldwide estimates of fraud losses show that more than three and a half trillion dollars is embezzled annually and median losses for nonprofits are around $100,000 per occurrence. Nonprofits were not insulated from the economic downturn of the […]