Andrey is worried that he will not meet sales goals for the month, so he creates invoices to customers for several thousand dollars in sales and ships the goods to a storage unit to make sure that they are not found on site during the end-of-month inventory count. What type of fraud scheme is Andrey committing?

Question

Quizplus · Accepted Answer

Andrey is committing sham sales, which involves creating fake sales transactions to inflate sales figures, often without the actual delivery of goods to legitimate customers. In this case, he is creating invoices for nonexistent sales and hiding the goods to avoid detection, fitting the definition of sham sales.

Andrey Is Worried That He Will Not Meet Sales Goals