Joe K. Davis is a manager in the US subsidiary of Global Financial Company. Joe is the operations manager for the shared services center. Joe opened a small business account at a bank that he doesn't normally do business for "JKD". Then, late at night, Joe used his manager credentials to Global Financial Company's normal controls and set up JKD as an approved vendor in the Vendor Master File of the accounts payable system. During the vendor set up, Joe provided his own small business bank account number for electronic payments, Joe mailed a series of fictitious invoices purportedly from JKD Company for office supplies. No goods or services were ever provided to Global Financial Company. Joe's assistant forwarded the invoices to Joe for managerial review, and Joe approved them for payment. As a result, Global Financial wired money for these invoices directly to the JKD bank account that Joe controlled. 

What kind of fraud scheme is this? Pay-and-return scheme Sales process larceny Bill-and-hold scheme Fictitious vendor scheme?