What type of scheme has taken place when a teller removes money from the register without a valid transaction?

What type of scheme has taken place when a teller removes money from the register without a valid transaction?

• A. A cash larceny scheme
• B. A register disbursement scheme
• C. A skimming scheme
• D. None of the above

Answer: (A)

The scenario described involves a teller who removes money from the register without executing a valid transaction, which precisely falls under a cash larceny scheme. This type of fraud occurs when an employee misappropriates cash directly from the cash register or other cash handling areas after it has been recorded in the accounting system. In cash larceny schemes, the funds are already counted and recorded in the business's financials, meaning they can be directly accessed and taken by an employee, leading to a loss in the company's cash assets. This act is often characterized by a breach of trust where the employee exploits their position to steal. While there are other fraudulent methods, like register disbursement schemes where a fraudulent transaction is recorded to justify the cash removal or skimming schemes that involve taking cash before it is recorded in the books, neither accurately describes the straightforward nature of the theft described in the question, where no legitimate transaction has taken place. Thus, identifying the situation as a cash larceny scheme is fitting and aligns with the nature of the action taken by the teller.

The scenario described involves a teller who removes money from the register without executing a valid transaction, which precisely falls under a cash larceny scheme. This type of fraud occurs when an employee misappropriates cash directly from the cash register or other cash handling areas after it has been recorded in the accounting system.

In cash larceny schemes, the funds are already counted and recorded in the business's financials, meaning they can be directly accessed and taken by an employee, leading to a loss in the company's cash assets. This act is often characterized by a breach of trust where the employee exploits their position to steal.

While there are other fraudulent methods, like register disbursement schemes where a fraudulent transaction is recorded to justify the cash removal or skimming schemes that involve taking cash before it is recorded in the books, neither accurately describes the straightforward nature of the theft described in the question, where no legitimate transaction has taken place. Thus, identifying the situation as a cash larceny scheme is fitting and aligns with the nature of the action taken by the teller.