Which category of fraud is associated when an employee submits an overpayment on a bill owed by the firm and then intercepts and cashes the overpayment reimbursement check from the vendor?
A) Illegal gratuities
B) Pay and return scheme
C) Economic extortion
D) Expense reimbursement scheme

Question

Quizplus · Accepted Answer

This scenario describes a "Pay and return scheme," where an employee intentionally manipulates payments (such as overpaying a bill) and then intercepts the refund or reimbursement, diverting it for personal use.

Which Category of Fraud Is Associated When an Employee Submits