On the Learning Center
Straight talk about
The study of
The reward for
What we teach
How we teach you
The scammer's hand
in your pocket:
important to learn about fraud
Fraud Recognition Studies
Fraud Recognition Courses are recommended for
People seeking a relationship
People seeking employment
Religious and Spiritual Centers
Social Organizations & Communities
Business Owners & Managers
TO COVER LETTER
WHY IT'S IMPORTANT TO LEARN ABOUT FRAUD
Fraud awareness and recognition can save you from losing a little or losing everything.
It can save you from emotional and financial ruin.
We all face acts of deception nearly every day and for the most part, we
recognize nonsense when we hear it or see it. Unfortunately
though - we often don't.
For that reason, profits from scammery rival profits from the sale of
drugs. There are
hundreds of scams worldwide with millions of victims
every year and trillions in profits for the fraudsters.
For examples of fraud schemes, see a partial list
of scams in our Library.
Only 20% of fraud is ever reported. While for many there
is unwarranted shame attached to having been defrauded, for most
the challenge is in recognizing the crime for what it is and
reporting it properly.
Because of fraud, you pay more for insurance premiums, billions
of Medicare and state healthcare funds are lost - meaning less
money available to take care of you, taxes are higher to pay for
government funding, prices are higher at the store, millions are
left homeless ... the list goes on and it is horrific.
In their 2014 Report to the Nations, which covers occupational fraud, The
Association of Certified Fraud Examiners* states the following:
Survey participants estimated that the typical organization
loses 5% of revenues each year to fraud. If
applied to the 2013 estimated Gross World Product,
translates to a potential projected global
fraud loss of nearly $3.7 trillion.
Occupational fraud. $3.7 trillion estimated. Which comes out
of our pockets in higher prices so the companies can survive and make
payroll. And that's only
one fraud specialty.
http://www.acfe.com/rttn/docs/2014-report-to-nations.pdf, page 4,
Summary of Findings
By contrast, the 2011 United Nations Office of Drugs and Crime research
estimating illicit financial flows resulting from drug trafficking and
other transnational organized crimes** quotes figures of $1.6 trillion
and $2.1 trillion.
page 7, Preface
Whatever your occupation, culture, education, social status or credit
rating, realizing that no one is immune to fraud and learning to
recognize the signs can and will protect you, your home, your children,
and your family from financial ruin.
Next: Menu of
Fraud Recognition Courses
* "Certified Fraud Examiners uncover and assemble
evidence of fraud and tell law enforcement who to arrest." - Frank
Walker, CFE, Attorney Liaison Officer, dec.
** The report does not include fraud crimes.