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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 175 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 175
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is a TRUE statement regarding check fraud?

  • A. Most check fraud perpetrators are caught and prosecuted.
  • B. The equipment required to commit check fraud is relatively inexpensive.
  • C. The penalties for committing check fraud tend to be relatively severe.
  • D. None of the above statements are true.
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Suggested Answer: C 🗳️
by vynyfulu at April 5, 2025, 12:26 p.m.

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_denw
1 week, 2 days ago
Selected Answer: B
Check fraud can often be committed with low-cost tools like: • A computer • A printer • A scanner • Readily available check paper and software • This makes it accessible to many fraudsters, especially with templates and guides easily found online.
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