Quote:
Originally Posted by Bring_Back_Shantz
Oops, I originally read that bolded part as "Should not be fraudulent".
But I'm gonna post my replay anyway because #-3 seems to think there is some grey area, when there most certainly is not.
It's 100% fraudulent.
Let's do some round numbers.
Main contractor (GC) has a contract with the customer for a cost+ contract.
Let's say the terms are Cost + 20%.
#-3's submits an invoice for $80, then the GC pays him his $80 and can charge the customer 20% ($16).
Total bill to the customer = ($96)
Profit for GC = $16
Now #-3 gives GC a new invoice that is higher than what he got paid.
New invoice is $100 say.
So now GC says he paid $100 and charges his 20% on top of that.
GC charges customer $120.
GC profits $40, which is now cost +50%
The GC has straight up stolen $24 from the customer and #-3 is a knowing party to fraud.
Nothing in this scenario is legal or a grey area.
|
It's actually worse than that. He said they want a higher invoice that they won't pay to show the customer.
So #3 submits an invoice for $100
GC shows to client, charges client $120.
GC pays #3 $80, pocketing $40 instead of the $16 they were entitled to (20% of $80).