Categories
Investments glossary

Lapping Scheme


Warning: Zend OPcache API is restricted by "restrict_api" configuration directive in /srv/users/serverpilot/apps/goldoildrugs/public/wp-content/plugins/tubepress/vendor/tedivm/stash/src/Stash/Driver/FileSystem.php on line 253

Warning: Zend OPcache API is restricted by "restrict_api" configuration directive in /srv/users/serverpilot/apps/goldoildrugs/public/wp-content/plugins/tubepress/vendor/tedivm/stash/src/Stash/Driver/FileSystem.php on line 253
Spread the love
Quotes of the day:

There is no moral middle ground. Indifference is not an option. ... For the sake of our children, I implore each of you to be unyielding and inflexible in your opposition to drugs.

— Oliver L. North

A lapping scheme is a fraudulent practice that involves altering accounts receivables to hide stolen cash. The method involves taking a subsequent receivables payment from a transaction (for example, a sale) and using that to cover the theft. The receivable from the second transaction is covered by money from the third transaction, and so on.

Lapping (fraud scheme)
Lapping (fraud scheme)
Title
Lapping (fraud scheme)
Runtime
4:36
View count
11,858
Date posted
Oct 1, 2019
Check Kiting (fraud scheme)
Title
Check Kiting (fraud scheme)
Runtime
4:14
View count
23,622
Date posted
Sep 29, 2019
Fraud Schemes: Types of Embezzlement
Title
Fraud Schemes: Types of Embezzlement
Runtime
3:35
View count
32,888
Date posted
Dec 6, 2017

We uses YouTube API Services.
Click to rate this post!
[Total: 0 Average: 0]