Skimming (fraud)
(Redirected from
Skimming (casinos)
)A form of white-collar crime, skimming is taking cash "off the top" of the daily receipts of a business (or from any cash transaction involving a third interested party) and officially reporting a lower total. The formal legal term is defalcation.
Examples
A skimming crime may be simple
discotheque,[1]
which was forced to close as a result.
Skimming may additionally be the direct
Satyam Computer Services concerning the billion dollars missing from the company's coffers.[2]
Skimming may be necessitated by a third crime; for example, an otherwise honest businessman who pays taxes and does not cheat his partners might still be forced to skim some cash from the business and use it to give to an
blackmailer
.
Skimming at
bugging casino money rooms. Casino skimming during the 1970s and 1980s is featured in Nicholas Pileggi's nonfiction book Casino: Love and Honor in Las Vegas and in the film Casino
, which is based on it.
Other related usages can include things such as
foreign aid.[4]
References
- ^ "THE CITY; Two of Studio 54 Get Reduced Terms".
- ^ "Breaking News, World News & Multimedia".
- ^ Sachs, Susan (29 February 2004). "Hussein's Regime Skimmed Billions From Aid Program" – via NYTimes.com.