Ian Harm

What is Occupational Fraud?

When an employee feigns illness or injury to obtain paid sick leave, submits inflated or exaggerated overtime claims, or uses company equipment for an unauthorised purpose which may be to operate a private business (parallel trading). All these activities constitute fraud. When this private business competes with the employer’s business, the fraud may also involve theft of ideas and proprietary company information i.e. a list of clients or other intellectual property. Fabricated time sheets can constitute theft of time (and therefore pay) from businesses.

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