Condominium Associates and Precedent Hospitality Join Movement to Shine a Spotlight on Fraud

    CLEARWATER, FL, November 15, 2023 /24-7PressRelease/ -- Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). "Occupational Fraud 2022: A Report to the Nations" analyzed 2,110 occupational fraud cases that caused a total loss of more than $3.6 billion.

The seriousness of the global fraud problem is why Condominium Associates and Precedent Hospitality announced their participation in International Fraud Awareness Week, Nov. 12-18, 2023, as official supporters to promote anti-fraud awareness and education.

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 and Precedent Hospitality join hundreds of organizations that have partnered with the ACFE, the world's largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

During Fraud Week, official supporters will engage in various activities, including:

Hosting fraud awareness training for employees and/or the community.
Conducting employee surveys to assess levels of fraud awareness within their organization.
Posting articles on company websites and in newsletters.
Teaming up with local media to highlight the problem of fraud.
"Nothing incites money-crimes like great poverty or great wealth." – Mark Twain

John Gill, J.D., CFE, president of the ACFE, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

"Fraud is an issue that unfortunately affects people from all walks of life around the world and it takes many forms," said Gill. "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. 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."

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

Condominium Associates, established in 1982, has been a cornerstone in the management of condominium and homeowner associations in the Tampa Bay area. With offices strategically located in Pasco, Pinellas, and Hillsborough counties, the company has carved a niche in providing top-tier full-service association management. Their services span across facilities management, financial management, and administrative support, ensuring a comprehensive approach to property management.

Precedent Hospitality, synonymous with excellence in the hospitality sector, complements Condominium Associates' offerings by bringing a wealth of expertise in managing various hospitality operations. Their focus on customer service, operational efficiency, and quality management has set them apart as leaders in their field.

Together, Condominium Associates and Precedent Hospitality form a dynamic duo in the property and hospitality management industry. Their joint efforts are aimed at maximizing property values, relieving management burdens from board members and owners, optimizing financial operations, and enhancing overall communication and satisfaction among stakeholders. Committed to ethical practices and organizational culture, they are frontrunners in setting industry standards and fostering positive work environments. For more information, visit Condominiumassociates.com

About the Association of Certified Fraud Examiners

Based in Austin, Texas, the ACFE is the world's largest anti-fraud organization, dedicated to reducing business fraud worldwide and promoting integrity in the profession. With over 90,000 members, the ACFE stands as the premier provider of anti-fraud training and education. Learn more at ACFE.com.

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