Anti-Fraud CFE Exam correctly answered already
passed
1. Karl finds a Fraudulent sale scams are particularly harmful because they involve the
residen- tial fraud- ulent acquisition of real estate by filing a fraudulent deed or
property with respective real estate document that makes it appear that the
a non-resident property legally belongs to the criminal. This scam does not
own- er. He then happen at the origination of the loan, but rather it might occur
forges without the homeowner's knowledge decades after the property
contractual was originally sold. The perpetrator identifies a property—typically
proper- ty
documents show-
ing that the owner is belonging to an estate or non-resident owner—that is owned
free and clear.
transferring of the following best describes Karl's
owner- ship of the scheme?
property
completely to a. Air loan
Karl, such as b. Fraudulent sale
would nor- mally c. Property flipping
happen dur- ing a d. Unauthorized draw on home equi- ty
property sale. line of credit
The property
owner is unaware
that Karl has
created and filed
the documents.
Lat- er, Karl takes
the fal- sified
documents to a
lender and bor-
rows money
against the
property. Which
1/
81
,Anti-Fraud CFE Exam correctly answered already
passed
They then create fictitious
property transfer documents
that purport to grant all rights
and title on the property to the
fraudster. The true owner's
signature is forged on the
documents, and the scammer
files them in the jurisdiction's
real property records. Once the
ownership documents are filed,
they apply for and execute a
loan on the property (using a
straw borrower). Often, the
value is inflated. The
perpetrator absconds with
100% of the loan
proceeds.Correct Answer: (B)
2/
81
,Anti-Fraud CFE Exam correctly answered already
passed
2. Grey, a controller for Skimming is defined as the theft of ott-book funds. Cash larceny
schemes,
a small statement scheme
company, took d. Skimming scheme
a large sum of
money from the 3. In credit repair
company
deposits and
concealed the
theft by making
false accounting
en- tries. The
money that Grey
stole had already
been record- ed
in his company's
accounting
system. Grey's
scheme can best
be classified as
a(n):
a. Cash
larceny
scheme
b. Illegal
gratuities
scheme
c. Fraudulent fi-
nancial
3/
81
, Anti-Fraud CFE Exam correctly answered already
passed
however, involve the theft of
money that has already
appeared on a victim company's
books. Neither of the other
choices is correct because
neither of those schemes is a
type of asset misappropriation
scheme. Grey's scheme involves
the misappropriation of company
assets (cash).Correct Answer: (A)
Similar to loan scams are those that promise to repair credit.
Fraudsters who
scams, the fraudster pitch credit repair services like to say that they can "wipe away,"
"doctor," or
promises to "cosmeticize" negative items on credit, insinuating they have ways of
"erase" or changing or disguising a person's credit history. Despite the fact
"doctor" an that there is really no
appli-
4/
81
passed
1. Karl finds a Fraudulent sale scams are particularly harmful because they involve the
residen- tial fraud- ulent acquisition of real estate by filing a fraudulent deed or
property with respective real estate document that makes it appear that the
a non-resident property legally belongs to the criminal. This scam does not
own- er. He then happen at the origination of the loan, but rather it might occur
forges without the homeowner's knowledge decades after the property
contractual was originally sold. The perpetrator identifies a property—typically
proper- ty
documents show-
ing that the owner is belonging to an estate or non-resident owner—that is owned
free and clear.
transferring of the following best describes Karl's
owner- ship of the scheme?
property
completely to a. Air loan
Karl, such as b. Fraudulent sale
would nor- mally c. Property flipping
happen dur- ing a d. Unauthorized draw on home equi- ty
property sale. line of credit
The property
owner is unaware
that Karl has
created and filed
the documents.
Lat- er, Karl takes
the fal- sified
documents to a
lender and bor-
rows money
against the
property. Which
1/
81
,Anti-Fraud CFE Exam correctly answered already
passed
They then create fictitious
property transfer documents
that purport to grant all rights
and title on the property to the
fraudster. The true owner's
signature is forged on the
documents, and the scammer
files them in the jurisdiction's
real property records. Once the
ownership documents are filed,
they apply for and execute a
loan on the property (using a
straw borrower). Often, the
value is inflated. The
perpetrator absconds with
100% of the loan
proceeds.Correct Answer: (B)
2/
81
,Anti-Fraud CFE Exam correctly answered already
passed
2. Grey, a controller for Skimming is defined as the theft of ott-book funds. Cash larceny
schemes,
a small statement scheme
company, took d. Skimming scheme
a large sum of
money from the 3. In credit repair
company
deposits and
concealed the
theft by making
false accounting
en- tries. The
money that Grey
stole had already
been record- ed
in his company's
accounting
system. Grey's
scheme can best
be classified as
a(n):
a. Cash
larceny
scheme
b. Illegal
gratuities
scheme
c. Fraudulent fi-
nancial
3/
81
, Anti-Fraud CFE Exam correctly answered already
passed
however, involve the theft of
money that has already
appeared on a victim company's
books. Neither of the other
choices is correct because
neither of those schemes is a
type of asset misappropriation
scheme. Grey's scheme involves
the misappropriation of company
assets (cash).Correct Answer: (A)
Similar to loan scams are those that promise to repair credit.
Fraudsters who
scams, the fraudster pitch credit repair services like to say that they can "wipe away,"
"doctor," or
promises to "cosmeticize" negative items on credit, insinuating they have ways of
"erase" or changing or disguising a person's credit history. Despite the fact
"doctor" an that there is really no
appli-
4/
81
