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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 4 Question 87 Discussion

Posted by Linwood on May 10, 2024 at 09:48 PM

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

Suggested Answer: D

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45 comments · newest first
RO
Rosann 11 months ago
No way, misappropriate claims sounds more accurate to me.
AL
Allene 11 months ago
I thought it was called reliance billing, interesting!
FR
Franklyn 11 months ago
Wait, are we sure it's not bogus claims?
LY
Lynda 12 months ago
Totally agree, billing scheme is the right term!
TA
Taryn 12 months ago
It's definitely called a billing scheme.
RO
Rosina 12 months ago
I feel like billing scheme is the most common term used for this kind of fraud. I hope that's correct!
OC
Ocie 1 year ago
Reliance billing sounds familiar, but I can't recall the specifics. It might be a different type of scheme.
SA
Sarah 1 year ago
I remember practicing a question about bogus claims, but I don't think that's the right term for this scenario.
SE
Selene 1 year ago
I think this might be related to billing schemes, but I'm not entirely sure.
CH
Chandra 1 year ago
Okay, I've got this. The key here is identifying the specific term that describes the scheme where companies are tricked into making fraudulent payments. Based on the details provided, I think option B, "Billing scheme", is the correct answer.
FR
Francesco 1 year ago
Hmm, I'm a little unsure about this one. The question is asking about a specific term, so I'll need to think carefully about which of the options best fits that. I might need to do a quick review of the material to make sure I have the right concept in mind.
JE
Jeanice 1 year ago
This one seems pretty straightforward. I'm going to go with option B, "Billing scheme", since that seems to best match the description of the fraudulent payments.
CE
Celestina 1 year ago
I'm a bit confused by this question. The options don't seem to clearly match the description in the prompt. I'll need to re-read the question and think through the different options more carefully before selecting an answer.
GL
Glynda 1 year ago
Hmm, this looks like a tricky one. I'll need to carefully read through the options and think about the specific steps required to meet the CSAT target.
SH
Shalon 1 year ago
Shaping, shaping... I'm drawing a blank on the exact definition here. Is it something about using visual cues or self-monitoring techniques? I'll have to guess on this one and hope for the best.
GE
Georgiana 1 year ago
Okay, I've got this. The three runtimes I can use are Ruby, Python, and PowerShell. I'm familiar with those from my previous work in vRealize Orchestrator, so I feel good about this question.
CL
Clare 1 year ago
This seems like a straightforward question about the relationship between temperature and corrosion rates in the context of CUI. I'll think through the key factors and try to logically deduce the answer.
SE
Serina 1 year ago
Okay, let me see... The question is asking if the Service Statelessness principle is focused on the design of the service contract. I'm a bit unsure about this, but I'll try to reason it through.
DE
Dean 1 year ago
Ooh, 'Reliance billing'? Sounds like they're trying to get me to rely on their shady practices. No thanks, I'll pass on that one.
LA
Latrice 1 year ago
↳ replying to Dean
User 4: Stick to legitimate practices to avoid getting scammed.
OC
Octavio 1 year ago
↳ replying to Dean
User 3: Definitely a red flag, better to stay away from it.
WI
Wilbert 1 year ago
↳ replying to Dean
User 2: I agree, I wouldn't trust that scheme.
JO
Joaquin 1 year ago
↳ replying to Dean
User 1: Yeah, 'Reliance billing' does sound sketchy.
JA
Jacklyn 1 year ago
Bogus claims? Sounds like something straight out of a bad crime novel. Gotta go with B, the boring but accurate 'billing scheme'.
KE
Kenneth 1 year ago
↳ replying to Jacklyn
'Misappropriate claims' sounds too formal, 'billing scheme' is more practical.
RE
Rebbecca 1 year ago
↳ replying to Jacklyn
I think 'bogus claims' is too obvious, 'billing scheme' seems more sneaky.
CO
Colette 1 year ago
↳ replying to Jacklyn
I agree, 'billing scheme' sounds like the most accurate option.
ET
Ettie 1 year ago
Misappropriate claims? That's a fancy way of saying 'stealing', isn't it? I'll stick with the classic 'billing scheme' for my answer.
FR
Franklyn 1 year ago
↳ replying to Ettie
I'll go with 'billing scheme' too, it's a common term for this type of fraud.
LO
Lorrie 1 year ago
↳ replying to Ettie
I agree, 'billing scheme' is a classic term for this type of fraud.
ER
Ernie 1 year ago
↳ replying to Ettie
I think 'misappropriate claims' does sound fancy, but it basically means stealing.
DA
Daisy 1 year ago
Reliance billing? More like 'Deceit billing' if you ask me. Definitely going with B on this one.
LI
Lilli 1 year ago
↳ replying to Daisy
I'm not sure, but I think it might be Bogus claims. What do you think?
KR
Kristel 1 year ago
↳ replying to Daisy
I think it's definitely a Billing scheme. Let's go with B.
TA
Tayna 1 year ago
↳ replying to Daisy
I agree, 'Deceit billing' sounds more accurate. I'm also going with B.
QU
Quiana 2 years ago
I'm not sure, but I think it could also be A) Bogus claims.
SA
Sarah 2 years ago
This billing scheme sounds like a really slick way to scam companies. I bet the perpetrators think they're real geniuses pulling this off.
NE
Nelida 1 year ago
↳ replying to Sarah
I can't believe how elaborate some of these schemes can be.
GR
Graham 1 year ago
↳ replying to Sarah
C) Reliance billing
CA
Catarina 1 year ago
↳ replying to Sarah
It's definitely a sneaky way to steal money.
VE
Venita 1 year ago
↳ replying to Sarah
B) Billing scheme
ST
Stefany 2 years ago
↳ replying to Sarah
Yeah, they probably feel pretty clever tricking companies like that.
AN
Andrew 2 years ago
↳ replying to Sarah
A) Bogus claims
GR
Graciela 2 years ago
I agree with Virgie, because it makes sense that it involves fraudulent payments.
VI
Virgie 2 years ago
I think the answer is B) Billing scheme.
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