Curated News
By: NewsRamp Editorial Staff
November 20, 2025
$3.1B Fraud Loss Sparks Global Anti-Fraud Push by Property Firms
TLDR
- Condominium Associates, Precedent Hospitality & Moore Property Management Services gain competitive advantage by participating in Fraud Week to protect client investments from $3.1 billion in occupational fraud losses.
- The ACFE analyzed 1,921 occupational fraud cases and found $3.1 billion in losses, leading companies to implement fraud awareness training and employee surveys during Fraud Week.
- International Fraud Awareness Week helps protect businesses and communities worldwide by promoting anti-fraud education to prevent financial harm and safeguard vulnerable populations from exploitation.
- The Association of Certified Fraud Examiners revealed $3.1 billion lost to occupational fraud in their latest global report covering 1,921 fraud cases analyzed worldwide.
Impact - Why it Matters
Fraud poses a direct threat to financial security, affecting businesses, employees, and consumers through stolen funds, eroded trust, and increased costs. This news highlights how proactive measures, like those during Fraud Week, can empower organizations and individuals to detect and prevent fraud, ultimately protecting assets and fostering safer economic environments. In an era of rising digital and occupational fraud, such awareness is crucial for mitigating risks that could impact jobs, investments, and community stability.
Summary
The Association of Certified Fraud Examiners (ACCFE) has revealed staggering fraud losses totaling $3.1 billion in their latest Occupational Fraud 2024: A Report to the Nations, analyzing 1,921 occupational fraud cases globally. This alarming statistic underscores the critical need for anti-fraud initiatives, prompting Condominium Associates, Precedent Hospitality & Moore Property Management Services to join International Fraud Awareness Week (November 16–22, 2025) as official supporters. These three prominent property management companies—Condominium Associates serving the Tampa Bay area since 1982, Precedent Hospitality focusing on high-end properties, and Moore Property Management Services overseeing over ninety associations—are partnering with the ACFE, the world's largest anti-fraud organization with over 90,000 members, to champion Fraud Week's mission of proactive fraud prevention and education.
During Fraud Week, these companies and hundreds of other global supporters will engage in comprehensive anti-fraud activities, including employee fraud awareness training, organizational fraud awareness assessments through surveys, educational articles on company platforms, and media collaborations to highlight fraud risks. ACFE president John Gill emphasized that fraud affects people universally, from employee theft in small businesses to organized schemes targeting vulnerable groups like seniors, making collective action essential. The initiative aims to safeguard business investments and communities by promoting vigilance and knowledge. For those seeking to enhance their fraud prevention strategies, additional resources are available at FraudWeek.com, while the ACFE's broader anti-fraud efforts can be explored further at ACFE.com, reinforcing the global commitment to integrity and fraud reduction.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, $3.1B Fraud Loss Sparks Global Anti-Fraud Push by Property Firms
