Florida Property Management Firms Join Global Anti-Fraud Initiative Following $3.1 Billion Occupational Fraud Report

Florida-based property management firms Condominium Associates, Precedent Hospitality & Moore Property Management Services have announced their participation in International Fraud Awareness Week, November 16–22, 2025, as official supporters of the global anti-fraud initiative. This commitment comes in response to staggering fraud statistics revealed in Occupational Fraud 2024: A Report to the Nations, which documented $3.1 billion in total losses across 1,921 occupational fraud cases analyzed by the Association of Certified Fraud Examiners (ACFE).

The seriousness of the global fraud problem has prompted these property management companies to join hundreds of organizations worldwide partnering 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, emphasizes the need for proactive fraud prevention measures to safeguard business operations and investments against growing fraud threats.

During Fraud Week, official supporters will engage in various anti-fraud activities including hosting fraud awareness training for employees and community members, conducting employee surveys to assess organizational fraud awareness levels, publishing anti-fraud articles on company websites and newsletters, and collaborating with local media to highlight fraud prevention strategies. These efforts align with the ACFE's mission to reduce business fraud worldwide and promote professional integrity.

ACFE president John Gill emphasized the universal impact of fraud, stating that it affects people from all walks of life worldwide and manifests in numerous forms. "Whether it's a trusted employee stealing from a small business, or organized rings of fraudsters targeting seniors in our community, most people know someone who's been victimized by fraud," Gill explained. "That's why it's so important for organizations to join in this fight together to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it and educating people is the first step."

The property management firms' participation demonstrates how businesses across various sectors are recognizing the critical need for fraud prevention measures. For organizations seeking to enhance fraud awareness and reduce fraud risk during International Fraud Awareness Week, additional resources are available at https://FraudWeek.com. The ACFE, based in Austin, Texas, represents over 90,000 members globally and serves as the leading authority in anti-fraud training and education, with comprehensive information accessible at https://ACFE.com.