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Hawaii second-worst for embezzlement risk

By Erika Engle


Hawaii was second only to Iowa among states with the highest risk for loss due to embezzlement in 2012, a national study has found.

The fifth annual Marquet Report on Embezzlement, covering 2012, studied what it called 528 major embezzlement cases, those with more than $100,000 in losses, active in the U.S. during the year.

Among the findings, the number of major embezzlements rose 11 percent over 2011; the average loss was about $1.4 million; and female perpetrators were responsible for 58 percent of the cases in 2012.

The financial services industry suffers the greatest losses in embezzlement cases, followed by nonprofits, the study found. Embezzlers are most likely to be people in financial positions; and those responsible typically launch embezzlement schemes while in their 40s.

Boston-based Marquet International maintains a blog on white collar crime within its website, where the report also may be found.


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Sunny wrote:
Must be the high cost of living in Hawaii :<
on May 14,2013 | 08:51AM
Dolphin743 wrote:
This report would be more useful with some context. What percentage of businesses and non-profits have identified embezzlement problems? How many were in Hawaii? What are the actual risks (is it 1% or 25%)? It's alarmist and unprofessional to lay out a troubling piece like this without at least performing some basic research to provide the readers with a way to assess how much of a problem this really is.
on May 14,2013 | 09:27AM
serious wrote:
Darn!!! I thought we were #1in everything. Gotta get those oars cracking.
on May 14,2013 | 09:43AM
allie wrote:
on May 14,2013 | 10:26AM
cojef wrote:
Wow, second in the nation! How come, not numero uno? 58% women perpetrators, cuz they are predominately in high financial positions, or handle cash. The temptation is great! Like Eve in the Garden of Eden.
on May 14,2013 | 10:59AM
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