In: Accounting
You manage a car dealership in a large city. Many of your sales employees are very successful and have purchased their own vehicles from your dealership. Your dealership finances the sale of some of these vehicles. One employee recently paid off the balances on a couple of new vehicles purchased from your dealership. You discover this information after investigating complaints from customers about this particular employee’s actions. His sales are down, and customer complaints about his attitude abound. He previously worked for two other car dealers, both of which were satisfied with his performance. This employee is in charge of having used cars reconditioned by various automobile repair shops.
1. What signs of unusual behavior and lifestyle symptoms are present in this case?What are some possible causes for them?
2. How might the employee be defrauding the company?
1) In the case, the signs of unusual behavior and lifestyle symptoms and the concerned reasons are:
2) The employee is defrauding the company by :
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