Property Crossword Flashcards
What is Check Kiting?
When the employee writes checks on an account that doesn’t have sufficient fund
What is Shoplifiting?
It is someone who steals or conceals merchandise from a store
What is Extortion?
Someone who threatens to obtain the property of another person
What is Vendor Fraud?
Committed by employees acting alone or in collusion with vendors
What is Robbery?
It is unlawful taking of property from a person using force
What is Insurance?
It is a type of fraud that is a frequent motive for arson
What is Arson?
It is intentional fire setting or attempting to set fire
What is Burglary?
It is unlawfully entering a home and stealing property
What is a Billing Scheme?
It is an employee that generates false payments using the company’s vendor payment
What is Embezzlement?
It is unlawful taking of property by someone who it was entrusted to
What is Procurement Fraud?
It is over-ordering product then returning some and pocketing the rest
What is Commission Fraud?
It is when an employee inflates sales numbers to receive higher commissions
What is Larceny?
It is the unlawful taking of a person’s property with the intention to deprive
What is Credit Fraud?
It is a form of identity theft that involves an unauthorized taking of another’s credit
What is Bribery?
It is the offer or acceptance of anything of value in exchange for influence
