One of the more common types of fraud for casinos is comp fraud.
Comp fraud occurs when employees misuse authoired complimentary transactions for their personal gain.
For example - if two people are having dinner and one person has a complimentary sevice voucher (comp) and the other is paying in cash. The party with the comp pays $100 at dinner while the party paying cash pays $300. A restaurant employee switches the two transactions by closing the cash check with the comp and pockets the $200.00.
More later.
Credit to Robert Randolph Jr. and Fraud magazine.
Comp fraud occurs when employees misuse authoired complimentary transactions for their personal gain.
For example - if two people are having dinner and one person has a complimentary sevice voucher (comp) and the other is paying in cash. The party with the comp pays $100 at dinner while the party paying cash pays $300. A restaurant employee switches the two transactions by closing the cash check with the comp and pockets the $200.00.
More later.
Credit to Robert Randolph Jr. and Fraud magazine.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR
IS IT INTENDED TO BE LEGAL ADVICE. IF
THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
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