Trevor goes door-to-door selling magazine subscriptions. Trevor knows, however, that he is simply taking money for subscriptions and has absolutely no intention of ever arranging for the provision of magazines. Which of the following offenses, if any, has he committed?

A) Defalcation
B) False entry
C) False token
D) False pretenses
E) Ponzi scheme

Magazine Subscriptions

Agreements where individuals pay in advance to receive periodic issues of magazines over a specified time frame.

False Pretenses

The act of deliberately presenting false information with the intent to deceive or mislead.

Ponzi Scheme

A fraudulent investment scam promising high rates of return with little risk to investors, which generates returns for older investors through new investors' capital rather than legitimate profit.