NEW YORK — Total Dealer Compliance founder Max Zanan has launched Dealership Fraud Hotline, an independent service designed to allow employees to alert dealers of illegal actions and inappropriate engagements.
Dealers pay a yearly fee to receive a dealership ID number and an employee memo that explains the program. Employees are then free to submit anonymous reports, which are immediately sent to the designated persons registered with each dealership.
“I’ve launched the Dealership Fraud Hotline to help dealer principals protect their assets, reputations, and the future trajectory of their company,” said Zanan. “It’s time for all dealership owners to be practical and pragmatic in their management approach. Spread the word on the launch of our fraudulent dealership hotline service today.”
Zanan noted that dealers and other American business owners lose $50 billion to employee theft per year.
“The most alarming statistic of all is that 75% of employees have stolen at least once from their employers,” he said. “The reality is that most people are good and want to do the right thing; it’s that small percentage that can do irreparable damage to the dealership without the proper whistleblowing features in place.”
Originally posted on F&I and Showroom