Question

George Albert was a property manager for a large apartment complex while he was going to college. One of his duties was to collect rent from the tenants. If rent was paid after the third of the month, a late fee was tacked on to the amount due. When a tenant paid his rent late, George would backdate the payment, record and remit only the rent portion to his employers, and pocket the late fee. This is an example of what type of fraud? a. Larceny Sales b. skimming c.Fraudulent d. write-offs Plugging

Answer 1

b. skimming

Step-by-step explanation:

George Albert committed a type of fraud known as sales skimming. Sales skimming is a type of white-collar crime that involves taking the cash of a business prior to entering it into the accounting system, or it involves taking cash "off the top" of the daily receipts of a business (or from any cash transaction involving a third interested party) and officially reporting a lower total.