Real Life Geniuses Who Took Advantage of Some Serious Loopholes

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The IT manager at the place my wife works at had a budget for new assets (company phones and tablets and the like) and found out that there was a lump purchase threshold below which there was actually zero accounting as it was within his self-approval level.

So basically he could buy a couple thousand dollars worth of stuff at a time and if it didn’t exceed his annual budget or the one-time purchase audit trigger of the corporate card payment system, then no red flags were raised. However, he took it way too far. For several years he was taking trips and cruises around the world every few months.

Recently, corporate finally did an audit because somebody familiar with his pay grade got wind of his adventures, and found that he was buying the latest generation iPhones and iPads in the guise of upgrading employee assets and selling them on eBay to fund his frequent vacations.

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