CFE – Financial Transactions and Fraud Schemes — Question 21

Martin worked in the warehouse of a large electronics distributor. When a shipment of five hundred cameras arrived, Martin stole one hundred of the units. He sent a receiving report to accounts payable indicating that all five hundred cameras arrived. However, he altered the copy used for the inventory records to indicate that only four hundred of the units were received so that the available inventory would match the perpetual inventory records. What type of scheme did Martin commit?

Answer options

• A. A false sale scheme
• B. A skimming scheme
• C. A purchasing and receiving scheme
• D. A register disbursement scheme

Correct answer: B

Explanation

Martin's actions constitute a skimming scheme because he diverted assets for personal gain while misrepresenting the inventory records. The other options do not accurately describe the method he used to steal the cameras, as they pertain to different types of fraudulent activities that do not involve direct theft of inventory like skimming does.