Term
1) Larceny of the deposit
2) She memorized the other half of the code to the vault and came in to work before the surveillance cameras turned on |
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Definition
| What type of fraud did Laura Grove, the bank teller, commit? How was she able to steal the funds from the bank? |
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Term
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Definition
| The intentional taking away of an employer's cash (both currency and checks) without the consent and against the will of the employer |
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Term
| Fraudulent disbursement schemes |
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Definition
| Schemes in which a distribution of funds is made from some company account in what appears to be a normal manner |
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Term
1) Skimming
2) Cash Larcenies |
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Definition
| What are the two categories of cash receipts schemes? |
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Term
| Cash larceny schemes involve the theft of money that has already appeared on a victim company's books. Skimming schemes, on the other hand, involve the theft of the cash before it has been recorded |
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Definition
| What is the difference between cash larceny schemes and skimming? |
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Term
| Cash larceny schemes are the least common and least costly forms of cash misappropriations. The median loss is similar to the median loss for skimming schemes (almost half as much as the median loss for fraudulent disbursements) |
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Definition
| Where do cash larceny schemes rank among cash misappropriations in terms of frequency? In terms of median loss? |
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