Do you fit the profile of the perfect fraudster? Let's see ...
Published 02/03/2014 | 02:30
If you're between 36 and 55 years of age and are working for your boss for more than six years, you could fit the perfect profile of a fraudster.
About 70 per cent of fraudsters are between the ages of 36 and 55, according to a new report by KPMG, which examined the profile of 596 fraudsters. The study found that six out of 10 fraudsters are employed by the organisation that is the victim of the fraud – with 41 per cent employed for more than six years. Most fraudsters colluded with others to defraud their boss. The most common type of fraud is the misappropriation of assets, such as embezzlement. "The intriguing thing about fraud is that it is always morphing; like a strain of flu, you can cure today's strain, but next year, it evolves into something as bad, if not worse," said Phil Ostwalt, global co-ordinator for investigations at KPMG.
Three out of four British universities have terms and conditions that could prevent students from graduating or enrolling on to the next academic year if they owe money that isn't linked to their tuition fees, such as for university accommodation or childcare, according to a new study by the British consumer watchdog, the Office of Fair Trading.
The study found that some British universities can impose sanctions on students even when they owe small amounts or a debt is disputed.
Sunday Indo Business