Fraud: Consumer v. Professional

Howell Haunson wrote a great post about spotting fraud perpetrators. Thankfully his audience was industry insiders (in this case it was mortgage and real estate industry professionals).

In many industries, education is focused on fraud spotting and "red flags" as it pertains to the consumer. That is to say that we're all worried about how to protect our companies from those bad eggs out there who are trying to pull one over on us, i.e. the mortgage, CPA or the banking professional.

This education is vitally important. There are sneaky, organized con artists that could cost your company millions. However, lets not forget - about 80% of all fraud losses are due to the collaboration or collusion of industry insiders.

So, this means that we still have to watch out for each other.

For more on fraud, ethics, public speaking visit JeromeMayne.com