Episode 5: The consequences are not big enough to deter fraudsters !!

In this episode, the frustration of dealing with fraud takes center stage. Anthony highlights the problem of reporting fraud but not seeing adequate consequences for the perpetrators. The concern is that without meaningful penalties, fraudsters continue their activities, viewing it as a game of chance.

The shocking statistic of the insurance industry losing an estimated $300 billion annually to fraud in the United States, as per a recent study, underscores the magnitude of the issue. Anthony stressed the importance of both improved detection methods and consequences to truly deter fraudulent activities, emphasizing that having both is the most effective approach to prevent such crimes.