All articles tagged with #expense fraud
New advanced AI-generated images of receipts are increasingly being used to commit expense fraud, prompting companies to adopt AI-based detection methods that analyze image metadata and contextual data to identify fakes, as the technology becomes more convincing and accessible.
AI technology is causing a surge in expense fraud, highlighting the need for increased digital security measures to combat financial crimes facilitated by artificial intelligence.
A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after it was discovered that he had lied about expensing meals for his partner and charging them to the company. Fekete had taken a business trip to Amsterdam and claimed that all the food and drinks were for himself, despite expense reports showing meals for two people. When questioned further, Fekete elaborated on his eating habits, claiming to have consumed two sandwiches, two coffees, and a third drink in one sitting. The London tribunal rejected Fekete's claims, finding both the complaints of unfair and wrongful dismissal to be unfounded. Citibank expressed satisfaction with the decision.