Belinda used her company credit card to pay for a business dinner... This is an example of what kind of fraud?

• A. Personal purchases with company funds
• B. False billing scheme
• C. Mischaracterized expense scheme
• D. Multiple reimbursement scheme

Answer: (D)

Using a company card for a personal expense is a misappropriation of company funds. If the dinner is not a legitimate business expense, charging it to the company card means Belinda is using corporate resources for personal benefit, which fits the pattern of personal purchases with company funds. This category covers situations where individual spending is paid with company money rather than approved business expenses.

The other patterns involve different behaviors: a false billing scheme centers on creating fake invoices for goods or services not received; a mischaracterized expense scheme involves labeling a personal or inappropriate expense as a legitimate business cost; a multiple reimbursement scheme would require submitting or collecting reimbursement for the same expense more than once. None of those precisely match the scenario as described.