Originally posted by: DWW
It may not be illegal but let us look at it this way:
1. Banks will NEVER lose money. Quite simply they aren't that dumb. They make billions of dollars yearly and for good reason. They will always put the charge to your employer. So there is no way that they "absorb" it and your employer doesn't find out.
2. Sooner or later, your employer will noticed that their balance sheet is NOT balancing. Once the bean counter goes through and finds out it is your number, they will tell a higher up person (likely your boss). Your boss will ask you why you didn't report it.
In the end, you will get reamed if you don't report it