Question

Catherine is a college professor who was recently appointed to chair of the department. As chair, she illegally removes small sums of money from a large number of accounts associated with the department and uses the money to fund her lavish vacations to the Africa, Asia, and Europe. This is an example of a______.
a. trojan horse
b. salami slice fraud
c. ponzi scheme
d. warez scheme

Answer 1

Answer:b-Salami Slice Fraud

Explanation:

Catherine's act of removing a small amount of money illegally for her own lavish experience is termed as Salami slice fraud or Penny shaving.

Salami slice fraud is a fraudulent act of stealing money or any valuable item often done by clandestine means to accomplish his/her goal. This is also associated with the online stealing of resources in small quantities to avoid any noticeable change in overall resources.