Archives: Glossary

Fraudulent Billing Schemes

A type of fraud that is usually committed by outsiders submitting false invoices and will often involve collusion with employees.

Employee Theft

A type of internal fraud committed by employees that may include, but not limited to, cash (accounts for 85% of all asset thefts) and payroll fraud.

Corporate Theft

A type of fraud that is committed to benefit corporations. It includes financial statement fraud, antitrust violations, securities fraud, tax evasion, false advertising, environmental crimes, and the production of unsafe products.