Term
What are Expense Reimbursement schemes? |
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Definition
| As the name implies, expense reimbursement schemes occur when employees make false claims for reimbursement of fictitious or inflated business expenses. |
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Term
Which cash scheme if the fraudster is not too greedy can be virtually impossible to catch? |
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Definition
Page 179
Chapter 7
If a fraudster is smart and does not get too greedy, it can be virtually impossible to catch an expense reimbursement scheme, but then most fraudsters eventually get too greedy. |
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Term
In the ACFE's 2006 study expense reimbursement fraud was cited in _________ percent of fraudulent disbursement cases. |
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Definition
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Term
Expense reimbursement fraud is ranking ________
in terms of frequency?
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Definition
See page 180
As expense reimbursement schemes
1st Billing
2nd Expenses Reimbursement
3rd Check Tampering
4th Payroll
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Term
For the Median Loss of Fraudulent Disbursements
Expense Reimbursement Schemes
are ranked? |
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Definition
Billing $130,000
Check Tampering $120,00 |
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Term
What is a Mischaracterized Expense Scheme? |
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Definition
An attempt to obtain reimbursement for personal expenses by claiming they are business related. |
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Term
What is Overstated Expense Reimbursements? |
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Definition
Schemes in which business-related expenses are inflated on an expense report so that the perpetrator is reimbursed for an amount greater than the actual expense. |
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Term
What is Overpurchasing in an Expense
Reimbursement Schemes?
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Definition
A method of overstating business expenses in which a fraudster buys tow or more business expense items at different prices (such as airline tickets) The perpetrator returnes the more expensive item for a refund but he claims reimbursement for this item. As a result, he is reimbursed for more than his actual expenses. |
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Term
What is Fictitous expense reimbursement schemes? |
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Definition
Ascheme in which an employee seeks reimbursement for wholly monexistent items or expenses. |
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Term
How did the Frequent Flier's Fraud Crash?
Andrew Worth |
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Definition
During a routine review of the company-sponsored credit card activity reports an inordinate number of credits showed up on Andrew Worth's credit card account. |
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Term
What happened to the Frequent Flier's Fraud, Andrew Worth? |
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Definition
Worth was promptly terminated. He was
not prosecuted. It is an unwritten rule in
the company to not prosecut. |
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