What Are Some Common Types of Business Fraud?


Quick Answer

Common business frauds include check tampering, in which an employee steals a blank check and makes it payable to himself, and billing, in which an employee issues fake bills, The Business Owner explains. Skimming involves an employee taking money from a sale without recording it.

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Full Answer

Expense reimbursement, in which an employee submits invoices for expenses that he never actually incurred, is also common, as Property Casualty 360 explains. Payroll schemes are also common, and they involve an employee using company equipment to alter his paycheck or create duplicate copies of it. Employees can also steal cash directly, which is larceny, notes The Business Owner.

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