Certified Financial Crimes Investigator (CFCI) Practice Exam 2025 - Free CFCI Practice Questions and Study Guide

The correct answer is focused on "Time and Expense Fraud," which is specifically related to the manipulation or falsification of expenses connected to travel and transportation. This type of fraud typically occurs when an employee exaggerates or fabricates expense claims—such as receipts for hotel stays, meals, or transportation that didn't happen—as a way of unjustly profiting from their employer.

In this context, the individual misrepresents the costs associated with business trips, thereby defrauding the organization of funds. This behavior can involve creating fake receipts or altering legitimate ones to present inflated or non-existent expenses.

Other options highlight relevant areas of fraud but do not specifically address the falsification of receipts for travel expenses. For instance, expense misrepresentation can refer to any type of dishonest expense reporting beyond travel, while vendor fraud typically involves dealings with suppliers. Corporate card misuse generally refers to the inappropriate use of company credit cards for unauthorized personal expenses rather than focused expense claims related to travel.