2014 FRAUDSTER PROFILE FOR EMPLOYEES

POSITION
The majority of internal fraud is committed by RANK and FILE employees. Out of the 13
recorded incidents of employee fraud for the year, 8 were rank and file employees.

Position
Manager; 8%
Supervisor; 31%
Rank & File; 62%

AVERAGE LOSS BY POSITION

120,000
100,000
80,000
60,000
40,000
20,000
-

1
115,877
26,675
100,567
Rank & File
Supervisor
Manager

GENDER
Male fraudsters outnumber female fraudsters by 3 to 1. However, the average amount
pilfered by female fraudster is 300% more than what the male fraudsters pilfered. This
shows an inverse relationship of more males stealing but in smaller amounts while less
female steal but in bigger amounts.
This is actually quite representative of the banks operations since most of the male
perpetrators are account officers. Opportunity to take more is limited by their total
remittances for the day. The females on the otherhand are in the branches and have
more contact with bigger amounts of cash.

Gender
Female; 23%

Male; 77%

AVERAGE LOSS BY GENDER

200,000
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
-

1
56,778

188,835
Male
Female

AVERAGE AGE
31 YEARS OLD. Employees reaching this age show propensity for committing fraud.
This age profile is consistent with the findings of the Association of Certified Fraud
Examiners (ACFE) that people within 31-45 age bracket commit the highest percentage
of employee fraud.
Although we could expect more instances of employee fraud being committed by
employees aged 31 and above, however base on our actual data, it could be seen
that.younger people steal more

700,000
600,000
500,000
400,000
300,000
200,000
100,000
-

623,716
< 31 years old

510,563
= or > 31 years old

MARITAL STATUS
Out of the 13 fraudster for 2014, 9 are married, 3 living with common law spouses and
only 1 is single.

AVERAGE TENURE
5 YEARS. The average employment period of the employees who committed fraud was
computed at 5 years. Using this figure to delineate the occurrence and amount of loss, it
could be clearly seen that junior employees embezzle more than their senior coemployees.

800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
-

740,004
< 5 years

394,275
= or > 5 years

PERIOD OF DISCOVERY
9 MONTHS. On the average occurrence of fraud within the bank is discovered 9 months
after the initial fraudulent act was committed.

SUMMARY
The typical employee fraudster will fit this profile
Gender

Male

Position

Rank and File

Age

31 Years Old

Years in service

5 years

Status

Married

Family Role

Primary provider

Amount to be stolen

P60,000 within 9 months