Fraud by phone.(the scoop)(Brief Article)

In general, the receipt of a phone order is not cause for alarm. In most lines of business, a substantial volume of sales are generated by orders that are phoned in. However, there are several reasons why a fraud artist will conduct business using only the phone, and these reasons are important for the credit manager to understand. First, the use of the phone is one way to eliminate a paper trail which could come back to haunt the fraud artist. Without anything in writing, the chances of ever proving that a fraud was committed are slim. Secondly, it is another way to avoid the detection of a heavier than normal buying ...