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Podcast: Protecting Your Assets: Tips to Prevent Bank Fraud

Weaver’s Victor Padilla and James Mihills discuss mitigation strategies to prevent bank fraud as they unpack two real-life cases of fraudulent schemes.
July 11, 2023

The latest episode of Weaver: Beyond the Numbers, takes a deep dive into the intricacies of financial and risk management. This episode, hosted by Logan Woods, a supervisor in Weaver’s Forensics and Litigation practice, features insights from Victor Padilla, Managing Director in Weaver’s Forensics and Litigation practice, and James Mihills, Partner-in-Charge in Weaver’s Banking Services practice. The trio examines two real-life bank fraud cases, highlighting the red flags and discussing strategies to mitigate such incidents.

Key Points:


How can institutions identify bank fraud schemes in their early stages and prevent them from happening?

Bank fraud is an ongoing threat in the financial industry. In an age where digital transactions have become the norm, and non-bank financial assets are growing, the risks are more significant than ever. The Association of Certified Fraud Examiners (ACFE) reports that organizations lose an estimated 5% of their annual revenues to fraud. Recent high-profile cases of bank fraud magnify the concerns.

Subscribe and listen to future episodes of Weaver: Beyond the Numbers on Apple Podcasts or Spotify.