Current Fraud Statistics             It is reported that from the 2010 association of certified fraud examiners report to the nation that the small business ranks highest in occupational fraud frequency at ALMOST 31% compared to large corporations, government and non-profits. PRIVATE COMPANIES WHICH INCLUDE SMALL BUSINESSES RANKED AT 42.1%.  the resources on fraud prevention that are available are limited to the small business owner, especially in what their budget can afford.  The numbers are staggering.   the small business also rank highest in fraud frequency in the 2006 AND 2008 ACFE report to the nation.  These statistics show that the small business owner does not have the proper tools or training to prevent fraud from occurring in their business.  Fraud that could be catastrophic.  Billing Schemes are still the most common fraud schemes perpetrated against victim organizations.  Check tampering schemes ranked second. To read the current statistics on occupational fraud you can download your free copy of the ACFE 2010 Report to the Nation at their website.  Click on the link ACFE   Frequency Year 2010             Frequency Year 2008 Private Company                            42.1%                                      39.1% Public Company                          32.1%                                      28.4% Government                                 16.3%                                     18.1% Non-Profit                                    9.6%                                      14.3% COMMON METHODS IN SMALL BUSINESS FRAUD Billing Schemes Wire Transfer Schemes Expense Reimbursement Schemes Register Disbursements Payroll Schemes Cash Larceny Check Tampering Inventory Theft Financial Statement Fraud Corruption Schemes Fraud cases in the news Central Florida News 13 - May 18, 2009 Police Believe Woman Stole Nearly $1 Million From Church  (Click on link to read the full article) An Altamonte Springs woman could go to prison for up to 60 years if the state proves she stole close to $1 million from her church.  Charged with organized fraud and grand theft, Karen Raborn, 50, is at the Seminole County Jail.  Investigators said they have evidence to prove Raborn stole money from St. Mary Magdalene Catholic Church in Altamonte Springs during the 10-year period she worked for them as a bookkeeper.   As economy worsens, complaints about Internet scams increase By Mitch Lipka Globe Correspondent / April 5, 2009 (Click on link to read the full article) When times get tough, the temptation to seek deals on the Web rises, the ability to filter them seems to decline, and the number of online crooks trying to take advantage usually swells. This "perfect storm" of online criminals, victims, and new technology contributed to a 33 percent increase in reports to the Internet Crime Complaint Center from 2007 to 2008 and a loss of $265 million, officials said.   Small Business Fraud Prevention Vitalics "Vital Internal Control System"   About Us Contact Us Testimonials Employment Opportunity In the News Services Internal Control Audits Internal Control Procedures Fraud Prevention Fraud Investigations Fraud Prevention Tools Vital Internal Control System Prevention Toolkit Shipping & Return Policy Privacy Policy Become a Vitalics Reseller Membership Membership Information Join Now Member Login Trademark Usage Training and Seminars Public Workshops Private Workshops Schedule a Fraud Presentation Webinars Resources Fraud Statistics Find a Qualified Member Fraud & Crime ACFE Newsletter Archive Glossary of Fraud Terms Sponsors & Partnering Current Partners Partnering Opportunities Affiliate Program     FOLLOW US

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