Is this illegal?

Because it's a question that shouldn't even need to be asked. Any one who isn't a dumb ass knows whether this is illegal or not it wouldn't be the best idea to do.

If a person was hiding this it would be seen as fraud plain and simple. How is this hard to understand.
 
teaboy5 said:
It's not hard to remember the odd member posting silly questions that stand out. I'm sure I am not the only one who remembers that classic.
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Isn't it amazing? Learning stuff? I mean, I'm sure you were born with every piece of knowledge required for your entire life but for those of us who are forging a life along an unknown path, being curious and asking questions is a great way of avoiding cockups.


Who'da thunk it eh?
 
Diddums said:
Purely hypothetical but something I've wondered for a while.

You're in charge of procurement at your company. You know suppliers and can get good prices for products.

Instead of simply ordering from them, you set up another company. That company purchased the products, and sells to your employer at profit.

Is this legal?
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When I took on the budget, I had to sign forms saying I had no conflicts of interest.

Whilst probably not illegal, I'd certainly get sacked for doing what's suggested in the OP.
 
How would this be any different to buying something from a supplier at £x and telling your employer it cost £x+10% and pocketing the 10%?
 
So basically what I mentioned earlier.

dowie said:
It is pretty unethical, as would be the slightly more common thing where office admin people/office managers get a back hander from suppliers/service providers etc...
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We had an office manager who used to book a specific mini cab firm for airport runs for execs, consultants being sent overseas etc..etc... then a female* member of support staff was offered the use of a car when working late and it opened a can of worms... she, unlike the consultants used to submitting receipts for anything and everything without thought, checked the amount she was billing for these taxis and realised the firm was charging something like £80 for each trip home but Addy Lee would bill at more like £30. She questioned it with the office manager person and apparently had a very curt response about how it was an executive car service they always use because the senior managers like it etc... so she dropped it. But later on, the issue got raised again and it did cause a bit of a **** storm. The office manager allegedly had close links to the cab firm and may have been taking back handers.


*this is a whole other can of worms, officially this service was offered to all staff regardless of gender (at the same time the female staff member joined) but in reality it was to get the girl on the team home safely when working late and we were all unofficially told by our MD not to use it... (this did prove to be awesome leverage to use against the MD when arguing over a bonus a year later)
 
I'm on corporate induction and the fraud guy just gave us a very similar example of a chap brought in to modernise locks buying the equipment from his own company at a mark up. He got six years for fraud related offenses.
 
platinum87 said:
Cashback applied after the fact.

I.e. i will give you say 10% cashback, if you pay me £1000 for goods or services, i will give you £100 in cash.
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If you hadn't agreed you keep the rebate with you're employer wouldn't that be theft as it would be your employers 100 quid not yours?
 
Tefal said:
If you hadn't agreed you keep the rebate with you're employer wouldn't that be theft as it would be your employers 100 quid not yours?
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It does raise the issue of expenses claims too.

Say I go on an overseas trip were I don't get a fixed per diem allowance and spend with my debit card then I simply submit the receipts to my employer.

Now suppose I made the same trip but use s credit card that rewards me with points, I make the same expenses claim for basically the same amount but I'm also making a bit on the side through earning reward points that can be spent on other stuff.

On top of this perhaps the airline tickets and hotel aren't paid for directly, maybe I earn some air miles or perhaps I sign up for the hotel chain's loyalty scheme and I get a free holiday.
 
dowie said:
It does raise the issue of expenses claims too.

Say I go on an overseas trip were I don't get a fixed per diem allowance and spend with my debit card then I simply submit the receipts to my employer.

Now suppose I made the same trip but use s credit card that rewards me with points, I make the same expenses claim for basically the same amount but I'm also making a bit on the side through earning reward points that can be spent on other stuff.

On top of this perhaps the airline tickets and hotel aren't paid for directly, maybe I earn some air miles or perhaps I sign up for the hotel chain's loyalty scheme and I get a free holiday.
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Many companies explicitly forbid the collection of points for air miles (or whatever they're called now) or fuel points etc when using company paid for travel.
 
MissChief said:
Many companies explicitly forbid the collection of points for air miles (or whatever they're called now) or fuel points etc when using company paid for travel.
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Ah interesting, mine didn't but I guess it isn't surprising.

What about hotel points... separate from the payment methods you often just need to sign up to the hotel's club and can accrue some serious points if sent somewhere for a few months in a room that costs say 100-200 a night.
 
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