The staggering $3.1 billion in documented fraud losses revealed in the Association of Certified Fraud Examiners' Occupational Fraud 2024: A Report to the Nations has prompted Condominium Associates, Precedent Hospitality & Moore Property Management Services to join the global fight against fraud. The property management firm announced its participation in International Fraud Awareness Week, November 16–22, 2025, as an official supporter of the anti-fraud awareness and education movement.
The seriousness of the global fraud problem, as quantified by the ACFE's analysis of 1,921 occupational fraud cases, demonstrates why businesses across industries must take proactive measures. Condominium Associates, Precedent Hospitality & Moore Property Management Services joins hundreds of organizations worldwide that have partnered with the ACFE, the world's largest anti-fraud organization and premier provider of anti-fraud training and education. The movement, commonly known as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from this growing threat.
During Fraud Week, official supporters like Condominium Associates, Precedent Hospitality & Moore Property Management Services will engage in various anti-fraud activities. These include hosting fraud awareness training for employees and the community, conducting employee surveys to assess fraud awareness levels within their organization, posting articles on company websites and newsletters, and collaborating with local media to highlight the fraud problem. These initiatives represent critical steps toward building organizational resilience against fraudulent activities that can devastate businesses and communities.
ACFE president John Gill emphasized the universal nature of the fraud problem, stating that fraud affects people from all walks of life worldwide and takes many forms. Whether it involves a trusted employee stealing from a small business or organized fraud rings targeting vulnerable populations like seniors, most people know someone who has been victimized by fraud. This widespread impact underscores why organizations must unite in raising awareness and implementing preventive measures. The proactive approach to fraud prevention through education represents the first line of defense against financial crimes that can cripple businesses and destroy trust within communities.
The property management industry's participation in Fraud Week carries particular significance given the substantial financial transactions and trust relationships involved in managing residential and commercial properties. For organizations seeking information about increasing awareness and reducing fraud risk during International Fraud Awareness Week, additional resources are available at https://FraudWeek.com. The ACFE, based in Austin, Texas, continues to lead global anti-fraud efforts as the world's largest anti-fraud organization with over 90,000 members, providing essential training and education through resources available at https://ACFE.com.
