Traveling in High Style on the Organization's Dime, Part 2


By Joseph R. Dervaes, CFE, ACFE Fellow, CIA

joseph-dervaes-80x80.jpg   Fraud's Finer Points 

 
As we covered in part one, travel fraud is one of the most common forms of fictitious expense schemes I have encountered during my career. Instead of overstating a real business expense, these employees invent travel activities and submit false expense reports.  


Which employees will file false travel vouchers with their employers? Of course, anybody conceivably could meet the criteria of the three elements of the fraud triangle. Every employee has the opportunity to commit travel fraud. Those who do commit these crimes have motivations and justifications for their behavior that most of us simply cannot understand.

 
For full access to story, members may sign in here.

Not a member? Click here to Join Now. Or Click here to sign up for a FREE TRIAL.

Related Articles

This scheme is a load of manure and more

In California a man conducted a cow manure Ponzi scheme; a former Amazon manager is sentenced for stealing millions from the company; and fraudsters in India scam victims by posting fake business numbers online.

Poorly governed financial systems and fraud: It all starts with access

Access/identity control is a fundamental component of data security that dictates who’s allowed to access and use company information and resources. But organizations still lack the necessary protections, opening the door for fraudsters to exploit their systems. Here the authors examine the latest IT resources to keep such criminals at bay.

ChatGPT AI voice cloning, plus fake income-tax refund scam

Don’t send in the clones! Fraudsters are using ChatGPT to replicate voices to pull off classic grandparent and family-emergency scams. And beware of this new fake income-tax refund scam.