Making fake receipts to expense

if your firm expenses meals at $30 a night and you end up making fake receipts... you could in theory make an extra 10k a year just from this exercise.

Has anyone thought about it, tried it?

19 Comments
 

A bank fired about 20 analysts for this a few years ago. Then FINRA banned them since the misdemeanor level offenses were dishonesty with money. 

 

Horrible idea, Wells Fargo caught a whole bunch of people and had them fired and reported them to FINRA. There were people who submitted one false receipt and got fired over it. 

https://qz.com/work/1374720/a-cautionary-tale-for-anyone-who-has-gotten…

And don't think you are slick, they can contact the platform and ask for the bill. If what you submit doesn't tie with what is on the platform, then you're in trouble. People were fired over simply having food delivered to their home instead of delivered to the office because they submitted a fake report saying that it was delivered to the office. 

 

If a bank w/ a 75% loan to deposit ratio has $10mm in outstanding loans, could you theoretically make $13.3mm in one day by robbing it? 

I come from down in the valley, where mister when you're young, they bring you up to do like your daddy done
 

So to clarify, this could theoretically be done. All you’d need to do is find a small food place where you could tell the manager to make fake receipts (I.E. fancy food for $30, but they wouldn’t actually make any food) and give him $10, so you’ll pocket $20. You’d then have a real receipt and your firm would never find out from the receipt.

That said, are you seriously that stupid? $10k? Even with this idea, you wouldn’t even net that amount, plus your team would be super suspicious why you always order from the same place every day and always ~$30. You’d also have to find a restaurant owner so cheap that they would be willing to get fined/sued over like $3k a year. Are you really scrounging around for $10k that badly? If your company is paying the meals, you’re likely IB and going to get a bonus that will hopefully be more than that.

I can only assume this was a meme/joke and you aren’t actually thinking about this or taking what I said as an actual idea. Just be thankful the company is giving you free food and just screw them over by taking your vacation instead of letting it accrue and then go unused.

 

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