Fraud: Is an illegal activity which an employee in the business office committing when he deliberately changes the diagnosis codes on claims in order to receive higher reimbursement.
Fraud is when a person purposefully lies or makes a false statement.
What are Major Forms of Fraud?
- Asset misappropriation, extortion and corruption, fraud in financial statements are major types of fraud.
- Fraud is when someone is taken advantage of monetarily by another else.
- Fraud happens when someone deceives another by persuading them to do or not do anything that causes them to suffer financial loss.
- Fraud can be carried out in person, online, or through written correspondence.
- The goal of fraud may be financial gain or other benefits, such as getting a passport, travel document, or driver's license, or it may be mortgage fraud, when the offender makes false claims in an effort to qualify for a mortgage.
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