Company X's management team convinces Company Y to give them 100 shares of Company Y's stock. The management team claimed that the Company owes them the stock from a pre-existing agreement (such an agreement never existed). Upon receiving the stock, the management team splits the stock up amongst themselves to sell on the open market. This is an example of what type of fraud?
A) Occupational Fraud
B) Management Fraud
C) Investment Scams
D) Customer Fraud

Question

Quizplus · Accepted Answer

D: Correct. This example includes the non-payment of goods by business customers.

Company X's Management Team Convinces Company Y to Give Them