Thieves in Plain Site:  Fraud Found in Payables

Part 4 of 7 Occupational Fraud

By:   Mark Palmer, President e:countable, LLC

There are as many fraud schemes relating to payables and the bill paying process as there are dishonest employees that steal from employers.  Let’s start by looking at four of the more popular forms of fraud in small business.

1. Legitimate but corrupt vendors.   Unlike