Ron burgundy worked for the anchor department store as a sales associate in the leisure suits department. as he would give change back to a customer for cash sales, he would also pull out a $20 bill and slip it in his pocket. he concealed his scheme by issuing one false refund at the end of his shift for the total amount he stole that day. this is an example of what type of scheme?

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Business

Meadow

7 January, 10:09

Ron burgundy worked for the anchor department store as a sales associate in the leisure suits department. as he would give change back to a customer for cash sales, he would also pull out a $20 bill and slip it in his pocket. he concealed his scheme by issuing one false refund at the end of his shift for the total amount he stole that day. this is an example of what type of scheme?

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Rodrigo Robinson · Answer 1

Answer: Sales Skimming or Defalcation

Sales skimming occurs when a person at the sales counter takes a part of the cash from sales, and officially reports a lower total. The legal term for sales skimming is defalcation.

This is a white-collar crime that occurs before sales are recorded in the books of accounts and hence is quite difficult to detect, since there is very little paper trail that is involved.