Matt Levine’s Money Stuff: First Brands Found Some Fake Invoices

First Brands

If you are a company that makes brake parts, you will have some website or other system where car dealers and auto-parts stores and other customers can order the brake parts that they need. A car dealership will go on your system and order $179.84 worth of brake parts, and you will send them the brake parts. Customarily you will send them the brake parts on credit: They might have 30 or 60 or 90 days to pay you the $179.84.

But you might want the money sooner, since after all you have already sent them the brake ...