Classification of fraud by category: Use ACFE fraud tree
There are various ways to classify frauds. One classification systems 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 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.