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The fraud textbook: the Whiteland and via distribution successes.(international)

Business Credit

| October 01, 2008 | Tzanis, John | COPYRIGHT 2008 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

If I wanted to become a fraud artist, I believe I could take any of your companies for quite a bit of money. Your credit department, collections department and lawyers would be spinning their wheels for weeks and months trying to figure out what happened. For instance, I could make it look like a fairly large company that had been around a long time simply dosed down. Most credit managers would write-off the account to bad debt or have their collection agencies write some great closeout letters. Even if you figured out what really happened, I could be starting my new operation against new targets or I might be able to come back to your company.

If I, a ...

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