PUB. DATE
October 2006
SOURCE
Business Credit;Oct2006, Vol. 108 Issue 9, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the criminal conviction of several businesspeople engaged in credit fraud, including Edmond Masjedi, Touraj Benshian, and Mohammad Majidi, as shown in the report released by the National Association of Credit Management’s Asset Protection Group (APG). APG warns credit companies to be vigilant on business enterprises applying for loans to prevent business credit fraud. APG reveals that forty percent of credit companies are unaware that bad debts are attributable to fraud.
ACCESSION #
22836599