By pretending to be executives at a well-known financial institution, the alleged scammers created a bogus line of credit and spent upwards of $220,000.
Unlike most other crimes, employee fraud involves both deception and an abuse of the trust that has been placed in the perpetrators as part of their professional roles. Most fraudsters also undertake specific efforts to conceal their crimes. This combination of factors makes fraud schemes particularly difficult to detect – which, in turn, allows the frauds to continue uninterrupted and the losses to multiply.