Flashcards Studio

A private learning-platform provider uses an customized payout dashboard for instructor stipends. A finance officer with access to the vendor payout module notices that he can alter the beneficiary bank details associated with supplier disbursements. He secretly adds his own bank account as the beneficiary for a batch of supplier payments, approves the transfers, and then issues forged refunds to conceal the misdirection. After several months, the platform detects irregular disbursements and substantial losses.   (a)Identify the offense under R.A. No. 10175, Sec. 4(b)(2) that he commits. (b)State the essential elements of that offense. (c)Explain whether his acts could be charged under the Revised Penal Code as estafa, and discuss why Sec. 4(b)(2) provides the appropriate framework for this cyber-enabled fraud.