Ghost employee frauds - Payroll frauds and Romney

[NNN0LHI]

Definition for ghost employee:

http://www.jpsimsconsulting.com/books-guides-reports/library/books/fraud-risks/ghost-employees-frauds-payroll-frauds/

What Is Occupational Fraud?

Occupational fraud, or employee fraud, is fraud committed by an employee on an employer. They are more common and cause more financial loss to businesses than other third party frauds. As employees will continue to work at the business, they will generally try to hide these frauds permanently.

What Are Ghost Employee Frauds?

A ghost employee is someone recorded on the payroll system, but who does not work for the business. The ghost can be a real person who knowingly or not is placed on the payroll, or a fictitious person invented by the fraudster. The fraud attacks the payroll system with false employees.

The aim of the fraud is to have a wage paid to the ghost and collected by the dishonest employee. This is done by entering the ghost employee into the payroll system. The fraud does not require an accomplice but, depending on how wages are paid, an accomplice may make the fraud easier to conduct as it will eliminate any need to convert the payment from the ghost to the fraudster.

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Romney collecting over $100,000 a year for doing absolutely nothing sure sounds like it meets this definition of an illegal enterprise. Doesn't it?

How does someone claim that on their income taxes? Earned income? How does he do that if it wasn't earned?

Anyone else thought about this?

Don

[madashelltoo]

1. Here's another nail for that coffin, Mr. President.

[The Magistrate]

2. Hell, Sir, If He Was Not Sole Shareholder, He Would Have A Damned Good Case Against Himself

And I expect if there was some way he could profit from prosecuting himself, he would not hesitate to do it.

Beyond the obvious matters of perjury to the state of Massachusetts over his gubernatorial run, and written proof he has lied for years to the people, in a larger sense whether he was 'in charge' in an executive sense is not so important as is the fact he was sole shareholder, so that whatever was done was done specifically for his enrichment, done to please him, even if he was simply a passive raker in of the cash mulcted from working people and local governments.

"Romney loves America like a tick loves a dog."

[Coexist]

3. we need to see his income taxes

[NNN0LHI]

4. Bet he had his entire family on the payroll at one time or another for doing nothing