There are various ways to classify frauds. One classification system uses several category types such as the following:
- Employee embezzlement
- Management fraud
- Investment fraud scams
- Vendor fraud
- Customer fraud
Search for a fraud/financial crime with sufficient detail to describe the fraud, including the classification. If your example is considered an occupational fraud based on the ACFE (Association of Certified Fraud Examiners) fraud tree, identify which category it would fall in and why. If your case does not fall with the ACFE fraud-tree classification, explain why.