Fraudulent billing occurs when a business or individual submits false or misleading invoices to receive payment for goods or services that were never provided. This can involve overcharging, billing for nonexistent services, or using fake documents to deceive the payer.
This practice can affect various sectors, including healthcare, where providers might bill for treatments that were not administered. It can lead to significant financial losses for victims and may result in legal consequences for the perpetrators. Organizations often implement measures to detect and prevent fraudulent billing to protect their finances and maintain trust with clients.