RE:TTcigarbutts wrote: how can the reported revenues per carat be so different?
Are you saying that MPVD under reported revenue?
I don't know how that is done, but I would assume that you have to issue false invoices and bills of sale.
Then you have to hide your excess bank deposits, or get your customer/buyer to write two checks, one you can deposit in a hidden account. But you can't give him a bill of sale for the full amount - he might not like that.
I don't know.
It seems to me that you have to get your customer/buyer to go along. How many have to be complicit to make it work on this huge scale? (You are not talking peanuts here.) Why should they take the risk? It lowers your customers' costs and increases their taxes, do they like that? Plus it makes them crooks, too. Do they like that?
How do you do this with millions of dollars under the eyes of unknowing associates and auditors?
Where do you put the unrecorded money? Who gets it? How do you get it to them?
How do you hide it from your fellow employees? I don't think you can, but what do I know? Everybody has to know, especially the customers. Good idea? I think not.
If I was going to embezzle, the last place I wold do it would be on income, since customers have nothing to gain from it. Rather I'd do it on expenses, where you can overpay, not underpay. DUH
But what do I know? Never did it.
But if this is what you are talking about, which it seems to me that it is, then give us a course on "How To Steal Millions Of Revenue for Dummies."
Thanks