Eli Adams is an accounts payable clerk for MJF Productions. By forging signatures, he was able to procure a company credit card. He recently bought home stereo equipment and put it on his company credit card. When the credit card statement arrived at MJF, Eli prepared a check to the credit card company and buried the purchase in the monthly expenses of the company's largest cost center, knowing that his manager is generally inattentive when approving payments. What type of fraud is this?
A) Larceny
B) Pass-through scheme
C) Personal purchases scheme
D) Forged maker scheme

Question

Quizplus · Accepted Answer

This is a personal purchases scheme, as Eli fraudulently used the company credit card to make a personal purchase and then concealed it within the company's expenses.

Eli Adams Is an Accounts Payable Clerk for MJF Productions