Question

In one of the cases in the textbook, Joe Anderson, a part-time shoe salesperson at a department store, perpetrated a fictitious returns scheme using third-party credit cards. What happened as the result of the investigation?

1) Anderson was terminated and promised to pay back all the fraudulent proceeds.
2) The department store recovered most of its losses through its bonding company.
3) Local and federal charges for embezzlement and financial transaction card fraud were brought against Anderson and 27 co-conspirators.
4) All of the above

Answer 1

The investigation into Joe Anderson's fictitious returns scheme led to his termination, a promise to repay the fraud proceeds, loss recovery by the department store through a bonding company, and legal charges against him and 27 co-conspirators. The correct answer is 4.

Step-by-step explanation:

The question is about the outcome of an investigation into a fictitious returns scheme perpetrated by a shoe salesperson named Joe Anderson. The correct answer from the provided options is 4) All of the above.

This would mean that as a result of the investigation, multiple outcomes occurred: Anderson was terminated and agreed to pay back the fraudulent proceeds, the department store was able to recover most of its losses through its bonding company, and charges were brought against Anderson as well as numerous co-conspirators for their involvement in various fraudulent activities. Therefore the correct option is 4.