Property Management Firm Joins Global Anti-Fraud Initiative Following $3.1 Billion in Documented Losses

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 commitment comes in response to staggering fraud statistics documented in Occupational Fraud 2024: A Report to the Nations, which revealed $3.1 billion in total losses from 1,921 occupational fraud cases analyzed worldwide.

The property management company joins hundreds of organizations partnering with the Association of Certified Fraud Examiners (ACFE), the world's largest anti-fraud organization and premier provider of anti-fraud training and education. The movement, commonly known as Fraud Week, advocates for proactive fraud prevention measures to safeguard business operations and investments against growing fraud threats. During the awareness campaign, official supporters engage in various anti-fraud activities including employee fraud awareness training, organizational fraud awareness assessments through employee surveys, educational articles on company platforms, and media collaborations to highlight fraud prevention strategies.

ACFE president John Gill emphasized the universal impact of fraud, noting that it affects people across all demographics and takes multiple forms. Whether involving employee theft from small businesses or organized fraud rings targeting vulnerable populations, Gill stressed that most people know someone who has experienced fraud victimization. This widespread impact underscores the importance of collective organizational efforts to raise awareness and implement preventive measures. The proactive approach to fraud education represents a critical first step in addressing what has become a serious global business challenge.

The property management firm's participation in Fraud Week demonstrates the industry's growing recognition of fraud risks in real estate and community management sectors. With Condominium Associates managing condominium and homeowner associations since 1982 across Pasco, Pinellas and Hillsborough counties, and Precedent Hospitality focusing on high-end properties while Moore Property Management Services oversees over ninety associations, the collective anti-fraud stance signals increased vigilance in protecting client investments and community assets. The ACFE, based in Austin, Texas with over 90,000 members worldwide, provides the foundational training and resources supporting these anti-fraud initiatives. Organizations seeking additional information about fraud awareness and risk reduction can visit https://FraudWeek.com.