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Re: BullNBear52 post# 219841

Saturday, 03/16/2024 4:16:26 PM

Saturday, March 16, 2024 4:16:26 PM

Post# of 222471
I was making a joke....I know how it works. He simply embezzled money.

Patel used a variety of methods to hide his illicit transactions by omitting them from the files, while still having the total dollar amount of VCC expenditures match the balances paid by the Jaguars for the VCC program line of credit. For example, to hide his fraudulent VCC transactions, Patel identified legitimate reoccurring VCC transactions, such as catering, airfare, and hotel charges, and then duplicated those transactions; he inflated the amounts of legitimate reoccurring VCC transactions; entered fictitious transactions that sounded plausible, but that never actually occurred; and moved legitimate VCC charges from upcoming months into the month of the accounting file that was immediately due to the accounting department.



Through the magic of accounting.
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