Think Opposite

One thing an organization needs to keep in mind when combating fraud is that fraudulent activities look different as the economy moves through the economic cycle. Pre-recession fraud typically involved obtaining assets and then hoping to sell the asset as quickly as possible, the fraud took place with the customer not providing all the facts or misleading the organization into giving the customer access. An insider could also perpetrate this type of fraud by allowing a customer access with the end game being the insider is then paid a fee or commission. The flip side of this type of fraud is a customer having obtained an asset by either legal or fraudulent means then tries to dispose of the asset by fraudulent means, commonly referred to as debt deflection. The customer will claim they didn't understand the terms of the contract, they didn't understand what they were getting into, they were tricked. The customer may also claim they can no longer afford the terms of the agreement and they want to renegotiate the terms. These are the types of behaviors that occur during a recession.