Russia has the Highest Rate of Fraud in the World

EU-Reporter's Gary Cartwright has a great post about fraud and corruption in Russia.

Here is a great quote:

A recent survey by PricewaterhouseCoopers suggests that the country has the highest level of fraud anywhere in the world. Some 71 per cent of respondents said they had been fraud victims in the last 12 months alone, a 12 per cent rise from the company's last survey, conducted in 2007.

Another great quote:

Transparency International was only slightly less scathing on Russia's corruption record, placing the country 146 out of 180 - on a par with Sierra Leone.