• Gray Matter

Gray Matter Group examines the state of fraud

Updated: Apr 11, 2019

In case anyone was curious as to the state of fraud in 2019, here are some startling statistics from the Association of Certified Fraud Examiners. The global estimate of annual fraud is $3.7 TRILLION dollars. The frequency of fraud has increased +137% year over year (2016 - 2017). And finally, the median loss from fraud is $145,000!

The list below is a sad, but worthwhile review.

IFA's list of hedge fund frauds. Bernard Madoff, Sam Israel, Tom Petters, Allen Stanford, and more.
Fraud hall of fame. Not all of these are "hedge funds" as claimed by the title.

WeWork CEO mixes business and pleasure.

Fraud is alive and well.

Global bribery hits $1 TRILLION

85% of job candidates lie on their resumes.

Evolution of background checks.

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