WGU D551 FRAUD AND FORENSIC
ACCOUNTING STUDY GUIDE 2026
COMPREHENSIVE QUESTIONS WITH
VERIFIED SOLUTIONS GRADED A+
⩥ how cryptocurrency rug pull works.
Answer: 1) developers create new crypto token or meme coin
2) they hype it up through social media, influencers, fake promises
3) early investors buy in, driving up price
4) developers sudden withdraw
5) token value plummets, investors are left with worthless assets
⩥ which of the following is not an essential element of fraud?
a) material false statement
b) knowledge that statement was false when it was said
c) evidence that statement was false
d) damages resulting from victim's reliance on false statements.
Answer: evidence that the statement was false
⩥ legal elements of fraud.
Answer: 1) materially false statement
ACCOUNTING STUDY GUIDE 2026
COMPREHENSIVE QUESTIONS WITH
VERIFIED SOLUTIONS GRADED A+
⩥ how cryptocurrency rug pull works.
Answer: 1) developers create new crypto token or meme coin
2) they hype it up through social media, influencers, fake promises
3) early investors buy in, driving up price
4) developers sudden withdraw
5) token value plummets, investors are left with worthless assets
⩥ which of the following is not an essential element of fraud?
a) material false statement
b) knowledge that statement was false when it was said
c) evidence that statement was false
d) damages resulting from victim's reliance on false statements.
Answer: evidence that the statement was false
⩥ legal elements of fraud.
Answer: 1) materially false statement
