Actions Constituting Fraud Sample Clauses

Actions Constituting Fraud. The term fraud, defalcation, misappropriation, and other fiscal irregularities refer to, but are not limited to the following acts which are not clearly done in error: ● Any dishonest or fraudulent act ● Forgery or alteration of any document or account belonging to the school ● Forgery or alteration of a check, bank draft, or any other financial document ● Misappropriation of funds, supplies, equipment, or other assets of the school ● Impropriety in the handling or reporting of money or financial transactions ● Disclosing confidential and proprietary information to outside parties ● Accepting or seeking anything of material value from contractors, vendors, or persons providing goods or services to the school ● Destruction, removal or inappropriate use of records, furniture, fixtures, and equipment ● Any similar or related irregularity Investigation Responsibilities The Board Chairperson has the primary responsibility for the investigation of all suspected fraudulent acts as defined in the policy. The board of trustees may utilize whatever internal and/or external resources it considers necessary in conducting an investigation. If an investigation substantiates that fraudulent activities have occurred, the board of trustees will issue reports to appropriate designated personnel. Decisions to prosecute or refer the examination results to the appropriate law enforcement and/or regulatory agencies for independent investigation will be made in conjunction with legal counsel and senior management, as will final dispositions of the case.

Actions Constituting Fraud. For the purposes of this policy, “fraud” shall include all acts of deception, misrepresentation or omission committed with the intention of gaining an unjust or illegal financial advantage or to cause an unjust or illegal loss or disadvantage. Fraud includes, but is not limited to: • forgery or alteration of documents; • misappropriation of Company property; • deliberately altering or reporting incorrect financial or personal information; • theft of data or IP; • seeking or accepting gifts from vendors, consultants or contractors doing business with the Company except as provided for under the Ethics and Bribes Policy guidelines; • unauthorised use of Company property, equipment, materials or records for personal advantage or gain; • use of the Company’s credit card for personal gain; • inappropriate claims for expenses for personal gain; • authorising or receiving payment for goods or services not received or performed; • authorising or receiving payment for time not worked; • deliberately not recording leave taken; • any claim for reimbursement of expenses that are not incurred for the benefit of the Company; • fabrication or falsification of data, plagiarism or other dishonest practices; • inappropriate payments to third parties; • bribery; and • identity theft.