Billy Mitchell is the head cashier for a clothing store that specializes in men's silk suits. After losing big at the local dog track, Billy was in the hole financially. To cover his gambling debts, he started issuing numerous refund credits to his own credit card for amounts just below the store's review limit. This is an example of a __________________ scheme.

Question

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This is an example of a fictitious refunds scheme, where the employee creates fake refunds to divert money for personal use. This is different from cash larceny, where the employee steals physical cash from the company, credit card skimming, where the employee steals customers' credit card information, and understated reimbursement, where the employee submits fraudulent expense reports for less than the actual amount spent.

Billy Mitchell Is the Head Cashier for a Clothing Store