Air booking

Air booking is a slang term for an intentional accounting error , where a booking is made without an actual business background, often with fraudulent intent. It is to be differentiated from the sham business , in which several parties simulate a contract.

At NICI AG , for example, business transactions were fictitious and incorporated into the balance sheet by means of air bookings in order to simulate higher sales . These types of balance sheet falsifications were intended to trick the banks into obtaining higher credit lines . The company Phenomedia falsified the amount of sales with similar air bookings. In some cases, the air bookings are integrated into a pyramid scheme. This was the case at Balsam AG and at FlowTex . The loan fraud at FlowTex took place via a combination of bogus sales and leasing back.

Similar technique

Smurfing - breaking down large bookings into several small ones to disguise money laundering

Individual evidence

↑ Air booking on www.duden.de, accessed on June 25, 2014.
↑ Air bookings: Nici founder faces several years imprisonment . Süddeutsche.de. October 26, 2006. Retrieved September 3, 2012.
↑ Volker H. Peemöller, Stefan Hofmann: Accounting scandals: offenses and countermeasures . Erich Schmidt Verlag 2005, page 114ff. ISBN 9783503090310 .

[1] Air booking on www.duden.de, accessed on June 25, 2014.

[2] Air bookings: Nici founder faces several years imprisonment . Süddeutsche.de. October 26, 2006. Retrieved September 3, 2012.

[3] Volker H. Peemöller, Stefan Hofmann: Accounting scandals: offenses and countermeasures . Erich Schmidt Verlag 2005, page 114ff. ISBN 9783503090310 .