I used to work for a company where I was provided with a corporate credit card to pay for expenses.
I started a new role and had to wait nearly 6 weeks for a corporate card to cover very extensive travel costs. During that time I was expected to cover those costs personally and then claim them back, which took at least four weeks. Needless to say, I didn't have enough funds in my personal account to cover this and I stupidly used my OLD corporate card (that at the time I still had in my possession) to pay for these expenses. Since then I repaid the old corporate card in full so there is a zero balance owing, and the card has been destroyed.
Yesterday, I got a call from my old company's HR person who said an audit had been carried out on all Corporate Cards to reconcile the expenses, etc, and it was found that these charges had been made to my credit card after I left the company. I immediately told her the truth, in that I did use the card, but that it was out of sheer desperation/emergency, that I knew it was wrong and I apologized profusely. She told me she was pleased I came clean, but that she then had to send her report to Security, and she hinted at fraud.
What I want to know is, how worried should I be? What are the likely penalties?
I started a new role and had to wait nearly 6 weeks for a corporate card to cover very extensive travel costs. During that time I was expected to cover those costs personally and then claim them back, which took at least four weeks. Needless to say, I didn't have enough funds in my personal account to cover this and I stupidly used my OLD corporate card (that at the time I still had in my possession) to pay for these expenses. Since then I repaid the old corporate card in full so there is a zero balance owing, and the card has been destroyed.
Yesterday, I got a call from my old company's HR person who said an audit had been carried out on all Corporate Cards to reconcile the expenses, etc, and it was found that these charges had been made to my credit card after I left the company. I immediately told her the truth, in that I did use the card, but that it was out of sheer desperation/emergency, that I knew it was wrong and I apologized profusely. She told me she was pleased I came clean, but that she then had to send her report to Security, and she hinted at fraud.
What I want to know is, how worried should I be? What are the likely penalties?
