With over $1 billion spent, California’s Clean Truck and Bus Voucher Incentive Project is one of the state’s most well-financed environmental initiatives.
But what was designed 17 years ago to be the nation’s premier green transportation initiative is now facing accusations of fraud, waste and poor oversight.
This type of fraud targets the supply chain and accounts payable departments of businesses.
- Invoice Manipulation: Criminals intercept a legitimate invoice between a supplier and a client and change the banking details to their own. The client pays the bill thinking they are paying their trusted vendor.
- Kickbacks and Bribery: A vendor secretly pays an employee of the purchasing company to ensure their bid is successful or to overlook inflated pricing.