Fraud by abuse of position

Fraud by abuse of position occurs when someone in a position of trust, like an employee or official, uses their authority or access for personal gain or to benefit others improperly. This could involve manipulating information, making decisions that favor themselves, or misusing their role to steal assets or funds. Essentially, it’s about exploiting their role’s responsibilities and trustworthiness for dishonest purposes, undermining the organization or individuals they serve. This type of fraud damages trust and can have serious legal and financial consequences for those involved.