Managers of businesses and organizations to learn how to prevent fraud

During lunch-and-learns with banker Martin Marcoux

WELLINGTON, PEI – Oct. 1, 2012 – Nothing is more frustrating, demoralizing and humiliating for a business owner or an organization manager than being the victim of fraudulent transactions. The guilty parties are often employees but are sometimes professional criminals. Regardless of who commits the crime, fraud costs millions of dollars to businesses and organizations of every kind each year.

Luckily, these days, a variety of measures can be taken to avoid and prevent these types of financial losses and embarrassment. The Acadian and Francophone Chamber of Commerce of PEI and the Wellington Rural Action Centre are therefore organizing two lunch-and-learns with banker Martin Marcoux, specifically on the theme of fraud prevention. The luncheon is aimed at business owners, organization managers and other individuals interested in the subject.

The first lunch-and-learn will be held Tuesday, Nov. 20, at 12 noon in the RDÉE Prince Edward Island boardroom at Suite 204, 137 Queen St., Charlottetown. The second one will be held Wednesday, Nov. 21, in the boardroom of the RDÉE at 48 Mill Road in Wellington.

Marcoux is the senior account manager, Commercial Financial Services, with the Royal Bank of Canada (RBC) in Charlottetown. He has more than 20 years of experience in the banking industry and holds a BBA degree from University of Saint-Anne. The fluently bilingual banker and his colleagues have been giving workshops on fraud prevention for at least a decade now.

He will talk about the causes and consequences of fraud and will show who is at risk and how. He’ll discuss counterfeit money, online fraud and scams. He’ll then suggest security and control measures as well as defense mechanisms that businesses and organizations can utilize to prevent fraud. The guest speaker will then answer the participants’ questions.

“In these modern times, the methods used by scammers, shysters and thieves are getting more and more sophisticated and complex,” says Chamber coordinator Raymond J. Arsenault. “The managers of businesses and organizations have the responsibility of keeping up to date on the various new methods used by these thieves and the measures they can take to reduce their chances of being victimized.”

The $5 registration fee will cover the session as well as a light meal. To register for the Charlottetown luncheon, please contact Carrie Cormier at 902-370-7333 or at To register for the Wellington session, contact Jeannine Arsenault at (902) 854-2328, Ext. 228, or at Registration deadline is Nov. 16.


For more information:

Raymond J. Arsenault
Acadian and Francophone Chamber of Commerce of PEI