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Exam CFE - Investigation topic 1 question 168 discussion

Actual exam question from ACFE's CFE - Investigation
Question #: 168
Topic #: 1
[All CFE - Investigation Questions]

Which of the following is NOT a common method that fraudsters use to hide their ill-gotten gains?

  • A. Prepaying a home mortgage
  • B. Purchasing a life insurance policy
  • C. Transferring assets into another person's name
  • D. Purchasing a used vehicle
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Suggested Answer: A -
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_denw
6 days, 13 hours ago
Selected Answer: D
While purchasing assets can be a method of hiding illicit funds, buying a used vehicle is not a common or effective method for concealing large amounts of money. Fraudsters more commonly use tactics like prepaying mortgages, buying life insurance, or transferring assets to others to disguise or protect their gains.
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