Examples of Types of Fraud, Waste, or Abuse

Deliberate Misrepresentation of Financial Matters concerns intentional misstatement, omission, concealment, or other misrepresentation of material financial facts or conditions (under or overstating reported revenues, expenses, or assets, misapplication of GAAP principles).

Embezzlement is deliberately misappropriating an organization's assets or resources without authorization for one's own use (personal, fictitious, duplicate or overstated expense reimbursement, unauthorized disbursements, personal purchases on company credit card).

Falsification of Contracts, Reports, or Records is to intentionally misrepresent, alter, fabricate, falsify, or forge all or any part of a document, contract, report, or record for personal benefit or to gain an advantage (fictitious, misstated, or altered invoices, timecards, payroll records or travel expense reports, forged or altered checks).

Misuse of Assets or Services is to deliberately use or borrow company resources, assets, or equipment, without permission, for non-business or personal purposes or benefit (vehicles, computers, office equipment, supplies).

Theft is the act of stealing, taking, and removing cash or other property with the intent to deprive the rightful owner of its use (supplies, petty cash, larceny, or skimming of cash collections).

Corruption - Conflict of Interest, Bribery is the use of employee influence for unlawful benefit, contrary to fiduciary duty. It can be:

• An employee with an undisclosed private or personal interest influences an official action or decision (self-dealing); or
• Giving, offering, receiving, or accepting something of value for special consideration, unfair advantage or to influence an official action or decision (kickbacks, bid-rigging).