The fraud started at an extremely small scale, a couple hundred dollars in account here. It opened the door for him to take his trusting presence to other clients and still then defraud them. There are lessons to be learned from on the victim side, but there's also lessons that perpetrators learn along the way.
Even if there are not many obvious warning signs, a gut feeling can tell you when something seems amiss.
Kelly Richmond Pope is the Dr. Barry Jay Epstein Endowed Professor of Forensic Accounting at DePaul University and the author of the book “Fool Me Once: Scams, Stories, and Secrets from the Trillion-Dollar Fraud Industry.” Pope joined Ricky Mulvey to discuss: - How to talk to aging relatives about fraud - What your “gut feeling” can tell you about potential scams - What generative AI means for the future of fraud
Company discussed: WFC
Host: Ricky Mulvey Guest: Kelly Richmond Pope Engineers: Dan Boyd, Rick Engdahl
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