By DOMINIC LIBERATORE & PAUL BENT

This feature in the Monitor May/June 2020 edition

Common themes in fraud include deception, misdirection and reliance on the good faith of victims.

Fraud can happen anywhere, from electronic leases to hand delivered documents signed in ink. Dominic Liberatore and Paul Bent explore fraud in the equipment finance industry and provide recommendations for identifying red flags and challenging suspicious activity.  

Fraud generally does not involve violence or force but instead arises from intentionally misplaced expectations. Common themes include deception, misdirection and reliance on the good faith of victims. Indeed, the “con man” moniker derives from the phrase “confidence man.” This article will provide industry examples, red flags, special considerations in the modern digital world and recommendations to help guard against fraud. Remember, it’s always obvious after the fact.

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