When Workplace Fraud or Ethics Violations Knocks Your Socks Off with Terry Rich

Did you know 46% of organizations reported that they have experienced some type of fraud in the past 24 months? Violations of workplace ethics and workplace fraud can show up in many forms, such as theft, embezzlement, corruption, and data theft. Employee fraud is much more common than organizations might think, and it’s important to stay alert and take the necessary action against these forms of business risk.Terry Rich, founder of Rich Keynote LLC, talks about his experience handling US’s biggest lottery fraud and the lessons companies can learn from him. Terry is also an international speaker on the topics of ethics, fraud, and innovation. He’s a fantastic storyteller, as you will see, but has tons of nuggets you will want to be sure to add to your leadership playbook. Be sure to listen for the 2-step process to brainstorming ideas for leaders to become innovative.------------Full show notes, links to resources mentioned and other compelling episodes can be found at http://LeadYourGamePodcast.com. (Click magnifying icon at top right and type “Terry”)Love the show? Subscribe, rate, review and share! JUST FOR YOU: Increase your leadership acumen by identifying your personal Leadership Trigger. Take my free my free quiz and instantly receive your 5-page report . Need to up-level your workforce or execute strategic People initiatives? https://shockinglydifferent.com/contact or tweet @KaranRhodes.-------------ABOUT TERRY RICH:During his appointment by three Governors, Terry’s leadership increased lottery sales and profits by 50%. He also led the Blank Park Zoo to profitability from a $600,000 deficit while positioning it as the second largest attended attraction in the state. Oh, and he’s also given away over $1 billion.Terry headed the team that cracked the largest lottery fraud in US history and has given away over a billion dollars to lottery winners. He started four successful entrepreneurial businesses, and has numerous national media appearances including all three major networks, HBO, CNN, CNBC, USA Today and The New York Times; he was a movie host on Starz!; and appeared as a panel guest on the "Tonight Show".He’s a disruptive innovator and entrepreneur with a drive for integrity and honesty. He’s worked in the trenches, survived the new business trends, and had success with generational changes.
WHAT TO LISTEN FOR:The three things that will increase risk of internal fraud; financial need, opportunity, and rationale.The best strategy to brainstorm and communicate ideas with your team.How to acknowledge and respect both successful people and those who don’t get recognition within your organization. How Terry’s career success was fueled by failure.<br/>
FEATURED TIMESTAMPS:[3:48] Terry’s career journey in cable TV, entrepreneurship, marketing, and now keynoting about fraud.[8:37] How Terry's team handled the biggest lottery fraud in the US, plus how to avoid internal company fraud.[15:57] The importance of prosecuting fraudsters and having an anonymous tip line within an organization.[20:29] How to create an innovative workspace where everyone communicates their best ideas.[23:27] Terry's entry into the LATTOYG Playbook: C.O.T. - Way to agree to act (or not act) on ideas or communications very quickly.[28:34] Signat