Why do many victims of financial scams not report the crimes?

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William Francavilla (Author & Former Director of Wealth Wealth Management, Legg Mason)

William Francavilla goes over some of the reasons that victims of financial fraud and other scams do not report the crimes. He provides statistics on fraud in general including in industries like home repair and insurance. He explains that the problem is thought to be much larger even than the numbers indicate.

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About Author

William Francavilla

Author & Former Director of Wealth Wealth Management, Legg Mason

William Francavilla is a former senior vice president and was the corporate director of wealth management for Legg Mason, Baltimore, Maryland. He has over 30 years of experience in the financial industry, serving as branch manager, regional sales director and senior financial adviser trainer. He is also a certified financial planner. He has spoken to many Fortune 500 companies and is the author of the newly published book, “The Madoffs Among Us: Combat the Scammers, Con Artists, and Thieves Who Are Plotting to Steal Your Money” (Career Press, 2018).

Interviewed By


Tracey Fitzpatrick

Tracey Fitzpatrick

Sarder TV Anchor & Former Market News Video Anchor

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