In a retail setting, an employee logs in with another worker's access code and removes cash from the register after a sale. What type of fraud scheme does this describe?

In a retail setting, an employee logs in with another worker's access code and removes cash from the register after a sale. What type of fraud scheme does this describe?

• A. Register disbursement scheme
• B. Skimming scheme
• C. Understated sales scheme
• D. Cash larceny scheme

Answer: (D)

Cash larceny is the theft of cash that has already been received and recorded. In this scenario, the employee completes a sale and then removes cash from the register, meaning the cash has been counted as revenue but is taken for personal use. Trying to login with another worker’s access code is an attempt to mask the act, but the theft occurs after the sale has been processed, which fits cash larceny. Skimming would involve stealing cash before the sale is recorded, not after. A register disbursement scheme would involve improper cash disbursements unrelated to a normal sale, and understated sales would involve hiding revenue quantity or value rather than physically taking cash from the drawer after a sale.

Cash larceny is the theft of cash that has already been received and recorded. In this scenario, the employee completes a sale and then removes cash from the register, meaning the cash has been counted as revenue but is taken for personal use. Trying to login with another worker’s access code is an attempt to mask the act, but the theft occurs after the sale has been processed, which fits cash larceny. Skimming would involve stealing cash before the sale is recorded, not after. A register disbursement scheme would involve improper cash disbursements unrelated to a normal sale, and understated sales would involve hiding revenue quantity or value rather than physically taking cash from the drawer after a sale.