Final answer:
Cash schemes have a higher median loss than non-cash schemes, based on the 2012 Report to the Nations on Occupational Fraud and Abuse.
Step-by-step explanation:
According to the 2012 Report to the Nations on Occupational Fraud and Abuse, the statement that cash schemes have a higher median loss than non-cash schemes is true. In the report, it was found that the median loss for cash schemes was $140,000, while the median loss for non-cash schemes was $90,000.
This means that on average, cash schemes result in a higher financial loss compared to non-cash schemes. Cash schemes involve physical money or assets, making it easier for perpetrators to steal larger sums of money.
On the other hand, non-cash schemes involve other types of fraudulent activities such as falsifying documents, manipulating financial records, or unauthorized transactions. While these schemes can still result in significant losses, they tend to have a slightly lower median loss compared to cash schemes.