Association of Certified Fraud Examiners
  • Faces of Fraud

    Fraud is often seen as a cold crime against organizations. It is important to remember, however, that there are real people who suffer due to the actions of fraudsters. Whether it is a small business owner who must close the doors on their dream because they fell victim to an embezzlement or a loyal worker who lost his or her pension thanks to the unscrupulous acts of an employee, behind every fraudster there are real victims. See some of their stories below and put a face to the victims of fraud. If you have been the victim of a fraudster and want to share your story, submit what happened to you.

    Video The Faces of Fraud
    A panel discussion with Andy Wilson, CFE and fraud victims Jay Myers, CFE and Brett Ray, CFE.

    News Et Tu Brute? Heartbreaking Tales of Fraudsters Betraying Friends and Family  
    Fraud is always an unfortunate occurrence that shakes the confidence of its victims. They often doubt themselves and wonder how they could have missed the signs. While every type of fraud is damaging to the psyche of those fleeced, insult is added to injury when victims are defrauded by friends or loved ones.

    News A Rough Reality: Fraud Victims and the Road to Renewal
    Shock, anger, depression and bargaining are all victims’ reactions to fraud. When someone falls victim to fraud, there are issues that hinder healing — lack of sleep, overworking to earn money back, compulsive behavior and avoiding emotions. “Much is made of the fraudster,” said Andy Wilson, CFE, CCEP, VP Fraud & Compliance, Sedgwick, Inc. “But [the victims] are the real faces of fraud.”

    Video Fraud: Yes, It Can Happen to Your Business
    Business owner Roy Faust trusted a friend to do his bookkeeping, only to discover that she had been stealing from him.

    Fraud Victims in the News

    "They made me feel so special and so loved. I can't believe this has happened to me. It all sounds so unbelievable." She said that they were the actions of "evil people" and that she was "totally embarrassed, humiliated and ashamed." - Lynn Hawes, who fell victim to a romance scam. Plenty of Fish £100k fraud victim strings conman along for two months to help police catch him- The Telegraph

    "It's terrible because $1,200 is tough on us. We're all scratching our heads, trying to figure out how he made money off this, and how long it's been going on." - unnamed man who fell victim to a fraudulent tax preparer. Tax service accused of fraud- WSOC

    "She is just evil. When it all came out, I was in a really bad state because I was feeling so useless and thanks to my close friends and family, I didn't commit suicide - that is how evil this woman was." - David Hogan, who was defrauded by a personal assistant. 'Parasitic' personal assistant swindled £565,000 from celebrity photographer while using his reputation to meet the Rolling Stones and Beckhams- The Telegraph

    “I felt pathetic. “I like to think of myself as being quite on top of things, especially when it comes to computers and the internet, and that’s where I went down. I was quite disgusted at myself, embarrassed. It’s just degrading, it’s an insult to your intelligence and you feel so stupid.” - Jean Holmwood, who fell victim to an online scam that targeted the elderly. Scandal of the conmen tricking our elderly- The Argus


2017 International Fraud Awareness Week