Stanley Block works in the IT department at Towery, Inc. After finding out that the company is planning to purchase four more computers for the accounting department, Stanley bought four computers from a friend for $1,200. Then, using his brother's name and address as vendor information, he resold the computers to Towery for $2,300. This type of scheme is known as a(n):
A) Over-purchase sale
B) Resource diversion sale
C) Double-sided sale
D) Turnaround sale

Question

Quizplus · Accepted Answer

This scenario is an example of a "turnaround sale," where an employee purchases items and then sells them to their employer at a higher price, often using deceitful means such as a fake vendor.

Stanley Block Works in the IT Department at Towery, Inc