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Privacy Files

People Want to Steal Your Money

Sep 13, 2024
In this episode, Greg Taylor, a certified fraud examiner and author with over 20 years in forensic accounting, dives into the world of financial crime. He shares gripping stories from his career, highlighting how corporate fraud operates and the emotional toll on victims. Greg discusses the psychology behind scams and offers tips to protect against them, especially for older individuals who are frequent targets. He emphasizes the urgent need for digital privacy awareness and preventive measures to safeguard personal data.
42:56

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Fraud in organizations is often perpetrated by long-tenured employees who exploit their insider knowledge, making prevention vital.
  • Emotional consequences of fraud on victims underscore the importance of awareness and education to foster psychological resilience against scams.

Deep dives

Profile of a Fraudulent Employee

Fraudulent activities in organizations often stem from individuals in positions of management, typically with a long tenure at the company. It is noted that the average duration of employment before committing fraud is around seven years, with many perpetrators being between 40 and 60 years old. These employees possess insider knowledge of the systems and processes, which allows them to manipulate them for personal gain. Specific examples illustrate how relationships within the company can create opportunities for fraud, particularly when ethical standards within leadership are lacking.

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