The Board of Regents strictly prohibits fraudulent acts by its employees. Fraud is defined as the following:

• Intentional or deliberate act to deprive the State, the Board, or anyone associated with an institution governed by the Board of something of value (property, money, services,or opportunities).
• Deception (false representation of fact), or concealment of information that should have been disclosed to another party leading to injury of the State, the Board, or anyone associated with an institution governed by the Board.

Examples of a fraudulent act include (but are not limited to) embezzlement, alteration or falsification of documents, theft of any asset, or misrepresentation of fact. Employees performing a fraudulent act will be subject to disciplinary action including possible termination of employment.
 
* The Controller is the contact person for reporting suspected fraudulent activity.

For further information, refer to BOR Policy 4:37.

*Supervisors shall communicate the provisions of this policy to employees.