Certified Fraud Examiner

Thomas K. Crowley, CFE is a Certified Fraud Examiner. This coveted designation is much sought after by professional private investigators in fraud investigation. Only the most knowledgeable are afforded the CFE designation. When it comes to fraud, theft, swindlers, industrial espionage or just outright thieves, NAI is prepared to give you the best service possible. Continual training and on the job experience is necessary and prerequisite to maintaining the CFE designation. Certified Fraud Examiners are recognized world wide and in the court systems as true experts in fraud investigations. The Association of Certified Fraud Examiners is an international, 25,000-member professional organization dedicated to fighting fraud and white-collar crime. With offices in North America and chapters around the globe, the Association is networked to respond to the needs of anti-fraud professionals everywhere. Don't settle for less, as that's exactly what you'll get. Continual and required education in the area of fraud detection and investigation is required to maintain the CFE designation. Only the best in their fields are certified, and maintain their certifications.

If you, or your company, have a fraud related matter that needs investigation, you owe it to yourself to insure that the person you retain is a Certified Fraud Examiner. Nothing short of that will do.

Some points to ponder:

The following statistics about fraud and white-collar crime are from the Association of Certified Fraud Examiners' Report to the Nation and the 2001 National Fraud Survey.

· Fraud and abuse costs U.S. organizations more than $400 billion annually.

· The average organization loses more than $9 per day per employee to fraud and abuse.

· The average organization loses about 6% of its total annual revenue to fraud and abuse committed by its own employees.

· The median loss caused by males is about $185,000; by females, about $48,000.

· The typical perpetrator is a college-educated white male.

· Men commit nearly 75% of the offenses.

· Median losses caused by men are nearly four times those caused by women.

· Losses caused by managers are four times those caused by employees.

· Median losses caused by executives are 16 times those of their employees.

· The most costly abuses occur in organizations with less than 100 employees.

· The education industry experiences the lowest median losses.

· The highest media losses occur in the real estate financing sector.

· Occupational fraud and abuses fall into three main categories: asset misappropriation, fraudulent statements, and bribery and corruption.

· According to the 1996 "Report to the Nation on Occupational Fraud and Abuse" by the president of the Association of Certified Fraud Examiners, Gil Geis, PhD., CFE, the average U.S. organization loses about 6% of its gross revenues to all forms of occupational fraud and abuse. Some things just don't seem to change!

• Three-fourths of the offenses were committed by men
• Losses by managers and executives were four to sixteen times that of their employees.
• The average organization loses $9.00 a day per employee to occupational fraud and abuse.

By doing some quick calculating, it should be apparent that an in-depth fraud investigation would no doubt pay for itself in a very short period of time. A routine audit is not designed to detect, nor will it usually detect the abuses of fraud. For a real eye opener read Report to the nation 2004.

Call or e-mail NAI now for a free consultation on how we can and will help.

Click here to e-mail us for further information and fees.