Dealing with Occupational Fraud: Prosecution and Recovery

The video tutorial discusses the steps to take after identifying occupational fraud in an organization. It emphasizes the importance of referring fraud cases to law enforcement to prevent future incidents and highlights the challenges organizations face, such as fear of bad publicity and costs. The video also notes that recovering lost funds is rare. Key takeaways include the necessity of prosecuting fraudsters and the slim chances of full recovery.

What is the primary reason for referring fraud cases to law enforcement?

• To recover financial losses

• To set an example of zero tolerance

• To avoid bad publicity

• To save on legal costs

What percentage of fraudsters are found guilty when cases are referred to the police?

• 75%

• 90%

• 60%

• 50%

Why do some organizations choose not to refer fraud cases to law enforcement?

• They believe internal discipline is enough

• They want to set a public example

• They are confident of full recovery

• They have no evidence

What is the likelihood of recovering lost funds from occupational fraud?

• Certain

• Low

• Moderate

• High

What is a key takeaway regarding the prosecution of fraudsters?

• It is too costly to pursue

• It guarantees financial recovery

• It is crucial for setting an example

• It is unnecessary for societal impact