Property Management Firm Joins Global Anti-Fraud Initiative Following $3.1 Billion Loss Report

Condominium Associates, Precedent Hospitality & Moore Property Management Services announced its participation in International Fraud Awareness Week, November 16–22, 2025, as an official supporter to promote anti-fraud awareness and education. This decision 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 from 1,921 occupational fraud cases analyzed by the Association of Certified Fraud Examiners (ACFE).

The movement, commonly known as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem. 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, for this annual campaign. 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 fraud awareness levels within their organizations, posting anti-fraud articles on company websites and newsletters, and collaborating with local media to highlight fraud prevention strategies.

ACFE president John Gill emphasized the global nature of fraud and the importance of collective action. Fraud affects people from all walks of life worldwide and manifests in many forms, from trusted employees stealing from small businesses to organized rings targeting vulnerable community members. Most people know someone who has been victimized by fraud, making organizational participation in raising awareness during this week crucial. The serious nature of fraud demands a proactive prevention approach, with education serving as the foundational step toward effective fraud mitigation.

The property management firm's involvement in this international initiative reflects the growing recognition that fraud prevention requires coordinated effort across industries and communities. For additional information about increasing awareness and reducing fraud risk during International Fraud Awareness Week, visit https://FraudWeek.com. The Association of Certified Fraud Examiners, based in Austin, Texas, represents the global standard in anti-fraud efforts with over 90,000 members worldwide and serves as the premier provider of anti-fraud training and education through resources available at https://ACFE.com.