Salvage Fraud: The Hidden Scam Draining Millions from Businesses

Most companies focus on big-ticket fraud like inflated claims, forged invoices, or staged accidents. But there’s another form of fraud quietly eating away at profits: salvage fraud.

In this episode, Dave Oswald breaks down: What salvage fraud is and why it often goes unnoticed Real-world examples including how a car “disappeared” from inventory The loophole that makes “destroy to dispose” an open door for fraud How retailers, insurers, manufacturers, and logistics firms are all at risk Practical steps to detect and prevent losses

💡 Key insight: Fraud doesn’t always show up in the numbers. Sometimes, it walks right out the door disguised as “worthless” returns.