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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 53 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 53
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Sinead has lost her job and can no longer afford the luxury car that she recently purchased. Instead of allowing her car to be repossessed by her bank, Sinead decides to leave her car in a high-crime area with the keys in the ignition, hoping that it will be stolen so that she can make an insurance claim for the loss. Sinead is planning to commit which of the following insurance scams?

  • A. Staged accident
  • B. Past posting
  • C. Phantom vehicle
  • D. Ditching
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Suggested Answer: A 🗳️
by GaryLee at Nov. 20, 2024, 8:27 p.m.

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5a97e10
4 days, 8 hours ago
Selected Answer: D
D is the correct answer
upvoted 1 times
...
GaryLee
1 week, 6 days ago
D. Ditching: Disposing of a vehicle to collect on an insurance policy or settle an outstanding loan.
upvoted 1 times
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