Fraud pervasive even in 'honest' Upper Midwest
FARGO -- Fraud is alive and well in the Fargo-Moorhead area.
"Per capita we have just as much crime here as there is in the big city," said Thomas O'Halloran, a 30-year federal and private fraud investigator.
U.S. organizations lose an estimated 7 percent of their annual revenues to fraud. In 2008, this translated into about $994 billion, according to the Austin, Texas-based Association of Certified Fraud Examiners.