With fraud scandals and crimes on the rise, here is a look at a few facts from the Association of Certified Fraud Examiners' 2002 Report to the Nation: *

It is estimated that approximately $600 billion, or about $4,500 per employee will be lost in 2002 as a result of occupational fraud and abuse. *

Organizations with fraud hotlines cut their fraud losses by approximately 50% per scheme. Internal audits, external audits, and background checks also significantly reduce fraud losses. *

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