Fraudsters mostly males

Expert: Fraudsters are married and have good communication skills

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KUALA LUMPUR: A large number of those who commit fraud are males, married and have good communication skills, according to an expert.

They are also intelligent individuals who are not only egoistic, but have inquisitive personality, are willing to break rules and take risks.

Association of Certified Fraud Examiners (Malaysian Chapter) president Datuk Akhbar Ali said according to statistics, 87% of those who commit fraud were males, aged between 31 and 45 with most of them “married and have pretty wives”.

“Those who commit fraud do so as they are under stress due to personal crisis such as financial problems.

“They are also individuals who are greedy and big spenders, living beyond their means,” he said at a symposium against corruption and fraud here yesterday.



Akhbar said fraudsters usually would go home late from work to enable them to steal company information and sell it to interested parties.

He said they would also refuse promotions and transfers as the position they were presently in would facilitate committing the crime.

“These people will also not take vacations fearing their activities would be exposed when they are not around at their desks.

“Those who lived beyond their means and have a very close relationship with their clients should also be checked for fraud,” he said.

Akhbar said it was important for organisations to fight fraud and corruption to ensure and maintain the success of their establishment apart from preventing revenue losses.

He added that in an organisation where fraud had been committed, there would be at least 6% loss in revenue.

“More importantly, such activities can destroy a nation and it is also important to remind the public on the severity of punishment should one get caught for committing the offences,” he added.

He stressed that the menace would only grow and “not stop on its own”. “If left unchecked, the losses would be greater.

“It is extremely important for companies to do a background check on their potential staff before hiring them,” he added.

Check earlier post: 
Why Corporate Fraud Is On The Rise