Expense Report Fraud — Convenience Store Chain
A convenience store chain suspected that one of its employees had been altering and forging his expense reports.
The professionals of RT Forensic Accountants were engaged to investigate the reports, determine the extent of the fraud and quantify the loss for the company’s crime claim.
- Industry
- Convenience store retail
- Peril
- Falsified expense reports over more than five years
- Coverage
- Crime / fidelity
- Result
- Hundreds of thousands of dollars recovered; our report also supported the employee’s prosecution
The Loss
Over more than five years, the employee had submitted falsified expense reports totaling hundreds of thousands of dollars. Much of the fraud was in mileage entries, which do not necessarily require receipts and are harder to disprove.
The Process
We analyzed the employee’s expense reports to identify the falsified entries, then interviewed him. In a voluntary interview he confessed and admitted to falsifying the reports.
The Results
Our claim report helped the company collect the stolen funds and was also used by law enforcement to prosecute the individual.