Facts About White-collar Crimes
“Every year, white-collar crimes cost over $400 billion to US organizations.” White-collar crimes happen virtually every day on some level. Employees might right an unauthorized check to themselves or to their spouse. Employees can use business funds for personal expenses such as paying for an event (could be anything). Many people who commit white-collar crime justify their actions by saying that they’ll pay the money back, but almost no one ever does. The most costly abuses tend to occur in organizations that have less than 100 employees. Losses caused by managers are 4x the amount, on average, of those caused by employees. On average, every the company loses over $9 per employee every day to fraud and abuse. The average company in the United States loses about 6% of its total annual revenue to a white-collar crime that is committed by its own employees. Men commit nearly 75% of the offenses and cost the company about 4x the amou...