Fraud and abuse costs U.S. organizations more than $300 billion annually.
The average organization loses more than $9 per day per employee to fraud and abuse.
The typical perpetrator is a college-educated white male.
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Government Fraud : What is it?
Fraud against the government may consist of fraud in connection with federal government contracting and fraud in connection with federal and/or federally-funded entitlement programs, including public housing, agricultural programs, defense procurement fraud, educational programs, and corporate frauds. As it relates to federal government contracting, investigations often involve bribery in contracts or procurement, collusion among contractors, false or double billing, false certification of the quality of parts or of test results, and substitution of bogus or otherwise inferior parts.