What type of fraud did sharolyn grant commit

Assignment Help Accounting Basics
Reference no: EM132980887

Question - Sharolyn Grant, a woman from Brisbane, was a shopping addict and had run up considerable debt on excessive purchases of jewellery and clothes. She would also go to the grocery store and use plastic, take her kids to miniature golf, and go bowling with her husband. Christmases were a "little bigger," with gifts like $100 remote-control cars for her sons. Her husband was not aware of the addiction. She made $21 an hour at work, and her husband earned a little bit more as a machinist at an aircraft company. Family finances were a constant balancing act.

Sharolyn turned to her employer, Singh Consulting. She raised money to pay down her obligations by repeatedly padding the company's expense accounts. She took reimbursements for trips and conferences she did not attend. In her three years of work, she had collected a total of $240,000 from her employer. It got to the point where she didn't feel like she was doing anything wrong. When Singh found out, Grant admitted the fraud and pled guilty to one count of fraud and said that she was planning to pay it back.

Required - What type of fraud did Sharolyn Grant commit?

Reference no: EM132980887

Questions Cloud

Discuss how negotiation could help you in the future : Write a one-page reflection paper on your experience in class and discuss how negotiation could help you in the future
Determine the appropriate reorder point : They estimate that it costs $20 to place an order, and it costs $0.2 per gallon to hold the spray. Determine the appropriate reorder point
What is health insurance portability and accountability act : Why is it important to consumer privacy and security? Describe a time or situation when you saw the impact of technology in health care. Why was this important?
How social determinants of health for the older adult : Healthy aging is an important public health issue, How social determinants of health for the older adult are impacted for those living in poverty.
What type of fraud did sharolyn grant commit : In her three years of work, she had collected a total of $240,000 from her employer. What type of fraud did Sharolyn Grant commit
How would evaluate and manage a pediatric patient : How would you evaluate and manage a pediatric patient who has BP and BMI greater than what is expected for his/her age group?
Who will tend to default : Who will tend to default if the spot exchange rate on 30 June assumes the following values: 0.6400; 0.5800; and 0.6100
Evaluation of the product and brand factors on smartphone : DissertationDissertation on Evaluation of the product and brand factors on smartphone purchase behaviour among University Students in UK.
What is the index for the last month : Question - The Monthly indexes for the first 11 months are: 1.25, 1.25, 1, 1, .75, .75, .7, .8, .8, 0.63, 0.96. What is the index for the last month

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd