Property Management Firm Joins Global Anti-Fraud Initiative Following $3.1 Billion Occupational Fraud Report

Condominium Associates, Precedent Hospitality & Moore Property Management Services has 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 revealed in Occupational Fraud 2024: A Report to the Nations, which documented $3.1 billion in total losses from 1,921 occupational fraud cases analyzed by the Association of Certified Fraud Examiners (ACFE). The property management company joins hundreds of organizations worldwide that have partnered with the ACFE, the world's largest anti-fraud organization and premier provider of anti-fraud training and education.

The movement, commonly known as Fraud Week, emphasizes the need for proactive measures to combat fraud and protect business investments from growing fraudulent activities. During the awareness campaign, official supporters will engage in various anti-fraud activities including hosting fraud awareness training for employees and community members, conducting employee surveys to assess fraud awareness levels within their organizations, publishing articles on company websites and newsletters, and collaborating with local media to highlight fraud prevention strategies. ACFE president John Gill, J.D., CFE, emphasized the universal impact of fraud and the importance of collective action.

Fraud affects people from all walks of life worldwide and manifests in many forms, whether through trusted employees stealing from small businesses or organized fraud rings targeting vulnerable community members like seniors. Gill noted that most people know someone who has been victimized by fraud, underscoring the critical need for organizations to unite in raising awareness through initiatives like Fraud Week. He stressed that fraud represents a serious problem requiring proactive prevention approaches, with education serving as the fundamental first step toward effective fraud mitigation. The ACFE, headquartered in Austin, Texas, represents the global standard in anti-fraud efforts with over 90,000 members dedicated to reducing business fraud worldwide and promoting professional integrity.

The property management firm's participation aligns with its long-standing commitment to professional integrity and client protection. Condominium Associates has managed condominium and homeowner associations in the Tampa Bay area since 1982, currently operating offices across Pasco, Pinellas and Hillsborough counties. The company provides comprehensive association management services including facilities management, financial management and administrative support. Their partner companies, Precedent Hospitality and Property Management and Moore Property Management Services, bring additional expertise in high-end property management and serve over ninety associations including condominiums, homeowner associations and commercial properties. For additional information about increasing awareness and reducing fraud risk during International Fraud Awareness Week, visit https://FraudWeek.com. More details about the organization's mission and resources are available at https://ACFE.com.