This happens every once in a while in investment banking, and we were warned about it regularly in HR training.

Here's Matt Levine on one of the incidents: https://www.bloomberg.com/view/articles/2018-09-04/wells-far...

The logic is if you couldn't trust a banker to not defraud their employer by submitting dishonest meal receipts, how could you trust them with client money and confidential information. I don't disagree.