No one thinks fraud will happen to them, but the risk is even higher for high-net worth individuals like professional athletes and CEOs.
89% of fraudsters are first-time offenders.
97% of fraudsters take efforts to conceal their frauds.
Pro athletes have lost $500 million to fraud by money managers.
"I fear that in the financial sector fraud has become a feature and not a bug."
- President, American Finance Association, Luigi Zingales
Source: Does Finance Benefit Society?
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