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Kickback

Kickback

Bribery, Kickback and FraudA kickback occurs when a company overpays for goods and services, and a vendor gives part or all of that overpayment to the perpetrator.

It is often not difficult for a purchasing employee within a company to engage in a kickback scheme, which is why it is so important for a company to put good controls in place.

Anyone who has the authority to award contracts or purchase products or services on behalf of the company is at risk for engaging in a kickback scheme.

Other employees involved in the process of approving a contract, such as production managers, engineers, or quality control supervisors, are also at risk for receiving kickbacks.

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