On Credit Card Forum there have been quite a few posts lately about employees abusing their company credit cards (including government credit card abuse). ABC News recently broke a story about a major credit card scam out of New York City for a prostitution ring that operated under the name Davis Investments. For liability reasons, we cannot list the companies and individuals mentioned in the video, but you can watch it yourself to see:
So not only do they have their outrageous perks and million dollar bonuses, but they even have corporate credit cards to pay for any indulgence… even prostitutes!
What do you think should be done about this?
Written April 2009