Key Statistics

 

Despite tougher laws, investigators report Americans are losing as much as $40 billion a year to investment fraud.

 

The Federal Trade Commission estimates that 30.2 million people are defrauded each year, losing a total of close to $3 billion.

Key Fraud Statistics

Sources: FBI; SEC (2012)

The recent crisis in the American economy has threatened the financial security of millions of Americans. But it has also revealed another problem: the proliferation of widespread financial fraud. The Federal Trade Commission estimates that 13.5% of U.S. consumers (30.2 million people) are defrauded each year, losing a total of close to $3 billion.

Corporate Fraud

(As of FY 2011)

Financial Institutions Fraud (FIF)

(As of FY 2011)

242

Indictments

241

Convictions

$2.4

BILLION

in restitution

$16.1

MILLION

in fines

521

Indictments

429

Convictions

$1.8

BILLION

in restitution

$116.3

MILLION

in fines

During FY 2011, cases pursued by the FBI resulted in 242 indictments/informations and 241 convictions of corporate criminals. Numerous cases are pending plea agreements and trials. During FY 2011, the FBI secured $2.4 billion in restitution orders and $16.1 million in fines from corporate criminals.

During FY 2011, cases pursued by the FBI resulted in 521 informations and indictments, and 429 convictions of FIF criminals. The following are notable statistical accomplishments in FY 2011 for FIF: $1.38 billion in restitutions; $116.3 million in fines; and seizures valued at $15.7 million.

Securities & Commodities Fraud

(As of FY 2011)

Mortgage Fraud

(As of FY 2011)

520

Indictments

394

Convictions

$8.8

BILLION

in restitution

$113

MILLION

in fines

1223

Indictments

1082

Convictions

$1.3

BILLION

in restitution

$116.3

MILLION

in fines

As of the end of FY 2011, the FBI was investigating 1,846 cases of securities and commodities fraud and had recorded 520 indictments/informations and 394 convictions against this criminal threat. Additional notable accomplishments in FY 2011 include: $8.8 billion in restitution orders; $36 million in recoveries; $113 million in fines; and $751 million in forfeitures.

Through FY 2011, FBI investigations resulted in 1,223 informations and indictments and 1,082 convictions of mortgage fraud criminals. The following notable statistical accomplishments are reflective in FY 2011 for mortgage fraud: $1.38 billion in restitutions; $116.3 million in fines; seizures valued at $15.7 million; and $7.33 million in forfeitures.