In addition, there were 121,600 forgery and counterfeiting offenses charged in 1996. In 1994, there were 419,800 arrests for fraud crimes and 14,300 arrests for embezzlement. In addition, there were 115,300 forgery and counterfeiting offenses charged in 1994. National Institute of Justice Journal . Contrary to common belief, older people are less likely to be victims of fraud than younger people.
Older people are, however, more likely to report economic crimes than their younger counterparts.
Victimization of Persons by Fraud. Fraud victims with some college or a college degree appear to be the most vulnerable to fraud schemes, with persons who did not graduate from high school being the least vulnerable. Importantly, many of these revisions addressed services and assistance to victims of economic crimes. As OVC states, while VOCA funds cannot be used to compensate victims of fraud for their financial or property losses, many supportive services can be provided to these victims, including counseling and advocacy and support throughout the criminal justice system. In its revised 1997 guidelines, OVC encouraged states to fund new or expanded services for victims of fraud and economic exploitation.