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https://www.wsj.com/articles/fool-me-once-review-scam-filter-3b535227 Particulate Cabin Air Filters

You know the saying: “You can’t cheat an honest man.” It assumes that those who are the target of a cheat asked for it. The investment fund with the suspiciously high returns, the inside racing tip, the stock trade that’s a “sure thing”—the investors knew, or should have known, that something was off. The victims thought they were in on the con, and it turned out they were the marks.

The truth is that honest people can be and are cheated all the time. In “Fool Me Once: Scams, Stories, and Secrets From the Trillion-Dollar Fraud Industry,” Kelly Richmond Pope explores how this happens. Small-business owners are blindsided when their bookkeeper turns out to have been cooking the books; multinational financial institutions find executives funneling out cash; the government of a small city discovers that an official has been skimming from its accounts for decades. Ms. Pope, a professor of forensic accounting at DePaul University, even includes a class of “accidental” perpetrator for those who start out as inadvertent beneficiaries of a mistake but who, rather than confessing, decide to lean into the opportunity.

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New Air Filters This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.