ACFE Exam CFE-Law Topic 1 Question 20 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 20
Topic #: 1

[All CFE-Law Questions]

The MOST COMMON bankruptcy fraud scheme is:

AForged filing

BA planned bustcut

CA credit card bustout

DConcealment of assets

Show Suggested Answer

Suggested Answer: D

by Marti at Jul 09, 2023, 09:16 AM

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Mila

8 days ago

D) Concealment of assets seems like the most logical answer here. Hiding assets is a classic bankruptcy fraud tactic.

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Hassie

9 days ago

I'm not sure, but I think forged filing could also be a common bankruptcy fraud scheme because it's easy to fake documents.

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Edmond

11 days ago

I disagree, I believe it's concealment of assets because it's easier to hide assets than to commit credit card fraud.

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Marleen

12 days ago

I think the most common bankruptcy fraud scheme is a credit card bustout.

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Lewis

13 days ago

I'm not sure, but I think forged filing could also be a common bankruptcy fraud scheme because it's easy to fake documents.

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Carissa

15 days ago

I disagree, I believe it's concealment of assets because it's easier to hide assets than to commit credit card fraud.

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Hector

20 days ago

I think the most common bankruptcy fraud scheme is a credit card bustout.

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