The Expert Podcast

• Many conflicts stem from scams or frauds.
• Fraud can take various forms: online scams, Ponzi schemes, corporate fraud, or embezzlement.
• Case Study: Car Dealership Embezzlement
  • An employee embezzled $1.3 million by creating fake companies and billing schemes.
  • Fake invoices were issued for services that were never rendered.
  • The fraudster siphoned money from the dealership through shell companies.
• Investment Scams:
  • Common on dating sites, Instagram, or employment platforms.
  • Scammers use fake social media profiles and stories of luxury lifestyles to lure victims.
  • Victims are persuaded to "invest" in fake Bitcoin or other schemes.
  • Fraudsters create fake account statements to make victims believe in profits.
  • Victims are asked for more money under pretenses like taxes or audit fees.
• Authority Impersonation Scams:
  • Scammers pose as law enforcement, tax auditors, or other officials.
  • Victims are threatened with legal action unless immediate payments are made.
  • Personal information from social media or LinkedIn is used to enhance credibility.
  • Variations include fake calls about a relative needing bail money.
• Impact:
  • These scams leave victims emotionally and financially drained.
  • Hundreds of victims fall prey to such schemes weekly.
• Join the Conversation:
  • Have you been scammed?
  • Share your story and how it affected your family or company in the comments.