An increased number of small businesses are falling victim to fraud. And as two Sarasota, Florida entrepreneurs recently learned, this can lead to permanent losses that are often difficult to recover from.
Joyce and Stan Fox, who run a home-based promotional products company, lost $10,000 from their business account due to fraud this year. It started in February when a fraudulent transfer of $20,000 from their bank account was stopped. However, the fraudsters tried again, the next time transferring $10,000 to their own account, which was ultimately successful.
