Catherine is a college professor who was recently appointed to chair of the department. As chair, she illegally removes small sums of money from a large number of accounts associated with the department and uses the money to fund her lavish vacations to the Africa, Asia, and Europe. This is an example of a______.

Question

Quizplus · Accepted Answer

This is an example of salami slice fraud, where small amounts of money are fraudulently taken from multiple sources to fund a larger personal gain. A Trojan horse involves concealing malware within a seemingly harmless file or program, a Ponzi scheme involves using investments from new investors to pay off earlier investors, and a warez scheme involves illegally distributing copyrighted software. None of these apply to the scenario described.

Catherine Is a College Professor Who Was Recently Appointed to Chair