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

  Prepare the stockholders equity section at December

Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 2,000 shares issued 200,000. Prepare the stockholders' equity section at December 31, 2008

  Discuss transaction under the perpetual method

The customer returns 50 units before paying the invoice. Prepare the journal entries to record each transaction under the perpetual method

  Kohler corporation reports the following components of

kohler corporation reports the following components of stockholders equity on december 31 2013nbspnbspnbspcommon

  Corporation reported net income of 75000 net sales 750000

corporation reported net income of 75000 net sales 750000 and weighted average shares outstanding of 7500. there were

  Define research hypothesis is directional or non-directional

Identify the null and research hypotheses that align clearly to your research question. Explain whether research hypothesis is directional or non-directional.

  What are some factors that could cause this to happen

In performing a horizontal analysis on a company's income statement,- What are some factors that could cause this to happen?

  Japanese yen depreciates against the dollar

Assume the British pound appreciates against the dollar while the Japanese yen depreciates against the dollar. Which of the following is true?

  Beacon inc has decided to expand its operations to owning

beacon inc. has decided to expand its operations to owning and operating long term health care facilities. the

  What is the amount and character of Enzo gain or loss

Enzo is a single taxpayer with the following gains and losses for 2019: $2,100 short-term capital loss. What is the amount and character of Enzo gain or loss

  Prepare the appropriate general journal entry

Wainwright Co. began the year with a net pension liability of 112 million. Prepare the appropriate general journal entry to record wainwright's pension expense

  Calculate the cash received for service revenue

The income statement for 2014 shows the following: Interest Revenue $17,500. Calculate the Cash received for service revenue

  Does que recognize gain on the swap

Que's mortgage of $4,000 is assumed and Que receives land worth $26,000. Does Que recognize gain on the swap and if so, how much is it?

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