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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 81 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 81
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Bayan finds a residential property with an owner who lives far away. She forges the owner’s signature on property transfer documents that purport to give Bayan full ownership of the property. Bayan then takes the falsified documents to the bank and obtains a loan using the property as collateral. Which of the following BEST describes this scheme?

  • A. Property flopping
  • B. Fraudulent sale
  • C. Daisy chain
  • D. Air loan
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Suggested Answer: B 🗳️
by AML_1234 at Dec. 23, 2024, 8:35 a.m.

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AML_1234
1 week ago
Selected Answer: B
Te Air loan means that the property exist
upvoted 1 times
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