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How might your company credit card lead to embezzlement charges?

On Behalf of | Feb 16, 2023 | White Collar Crimes

If your job requires you to pay for expenses away from the office, your employer may give you a company credit card. If for some reason, they consider you have breached their trust with the card, they may report you to the police for embezzlement.

Embezzlement is different from plain stealing in that there needs to have been an element of trust involved.

Someone could walk into your employer’s office and steal a credit card and make payments or withdrawals with it, but that would not be embezzlement. It’s the fact that your employer gave you the credit card with the expectation that you would use it honestly that makes it embezzlement, which is a more serious crime.

You could face accusations for several reasons:

Someone else clones the card or steals the data

Be careful about who you allow to handle your card or where you store the details. Cloners could make a copy as you hand it over for payment, or someone could grab the details from your phone or computer.

You cannot remember what you spent

Good record-keeping is crucial as remembering what you spent is not always simple, especially if you are in a rush. If you are unable to explain what all those payments are for, your boss might think you are hiding the truth. Handing in receipts and records on time reduces the chance of problems.

If you face accusations of embezzlement, you might need legal help to explain what happened.



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