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Boyd, a Certified Fraud Examiner (CFE). was hired to trace Lottie's financial transactions. During his investigation. Boyd obtains records of electronic payments that Lottie made during the past five years. Which of the following are these records MOST LIKELY to reveal?
Suggested Answer: B
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''Electronic payment records can be valuable in tracing investigations... they can reveal, among other things, assets the subject has purchased''.
They can also reveal loans, real estate taxes, and business locations, but not directly whether Lottie is ''skimming'' funds.
6 comments · newest first
KA
Katy
1 day ago
I think D is more likely, could show if she's skimming.
LA
Latia
6 days ago
Definitely B, you can see what she's bought.
RU
Rupert
11 days ago
I recall that electronic payments usually don't show market values of properties, so A) seems unlikely. But I wonder if they could hint at skimming, like in option D).
JA
Javier
17 days ago
I feel like the records could help trace the division and distribution of Lottie's assets, so C) might be a contender too, but I'm leaning towards B) as the best answer.
AN
An
22 days ago
I'm not entirely sure, but I remember a practice question that discussed how payment records can indicate if someone is skimming funds, so maybe D) is also a possibility?
WI
William
27 days ago
I think the electronic payment records would most likely reveal B) The assets that Lottie has purchased, since those transactions would show what she spent money on.