ICC FRAUD GUIDE
February 1st, 2003
BY KEITH NUTHALLTHE INTERNATIONAL Chamber of Commerce has published a guide alerting financial services businesses about how to avoid falling victim to fraud. Preventing Financial Instrument Fraud describes danger signals, explaining how frauds are mounted and the psychological manipulation upon which they are based. It quotes a simple definition of financial fraud: "Offering nothing for something to people who want something for nothing."By seeking out greedy people, fraudsters offer them the perfect investment, one that is risk free and lucrative. Conmen then ...
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