I want to think about the future of fraud because I don't see this problem being stopped anytime soon. In your book, you conclude with this idea that one thing to remember is that fraud schemes don't really change. This is the thing. The scheme won't change how the scheme is executed may change. But check fraud, mail fraud, wire and financial statement fraud are going to stay the same.
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
Learn more about your ad choices. Visit megaphone.fm/adchoices