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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 110 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 110
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Jean is a Certified Fraud Examiner (CFE) who has been contacted by a client. The client tells Jean that they paid a commission up front to a broker for help in obtaining a loan, but the client discovered days later that the broker took their money and left town. This type of fraud is known as a(n):

  • A. Bait and switch scheme
  • B. Advance-fee scheme
  • C. Scavenger scheme
  • D. Ponzi scheme
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Suggested Answer: B 🗳️
by vynyfulu at April 5, 2025, 12:21 p.m.

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