GMB EP #119: Lessons on Fraud Prevention From the Former Iowa Lottery CEO

 

Ever wonder what it takes to scam the state lottery? Terry Rich joins us on the podcast this week to discuss fraud and how to prevent it in small businesses & other organizations. Terry is the former CEO of the Iowa lottery, and helped uncover a multi-million-dollar fraud before it was paid out. 

 

 

Show Notes

[02:35] Terry’s Story – Terry begins the conversation by sharing his backstory.

[09:46] Underlying Reason –Terry dives deep into three key reasons why people commit fraud.

[13:19] Remedies – Terry shares his thoughts on how to identify fraudulent activities and deal with scammers, and ultimately avoid becoming victims.

[17:02] Iowa Lottery Fraud – Terry tells the fascinating story of resolving the largest lottery fraud in the United States.

[38:48] Adjustments – Terry discusses the improvements made after the fraud was discovered and addressed.

[48:25] Entrepreneurial Spirit and Creativity – Terry explains how he preserves entrepreneurial spirit and creativity.

 

Resources

Connect with Terry:

Website: terryspeaks.com/

LinkedIn: linkedin.com/in/terich/

 

Mentioned in the Episode:

Ep #117 – A Top Economist’s Take on Personal Finance With Dr. Laurence Kotlikoff:

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life: Before 8AM:

Iowa Lottery Fraud:

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