Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ACFE Exam CFE-Law Topic 1 Question 38 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 38
Topic #: 1
[All CFE-Law Questions]

Tatiana is the chief executive officer (CEO) of Mattress World Warehouse, a retail mattress store that has been struggling financially A week before Mattress World Warehouse files for bankruptcy Tatiana sets ten mattresses to her husband at 80% below market value Which type of fraud scheme has Tatiana MOST LIKELY committed?

Show Suggested Answer Hide Answer
Suggested Answer: A

by Anastacia at Jun 01, 2024, 10:05 AM

Limited Time Offer

25%

Off

Get Premium CFE-Law Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Elvera
4 days ago
I'm going with B) Fraudulent conveyance. Transferring assets at below market value to avoid creditors is a classic move in a bankruptcy scheme.
upvoted 0 times
...
Stevie
5 days ago
Haha, can you imagine Tatiana trying to explain this to the bankruptcy court? 'But your honor, I was just giving my husband a really good deal on some mattresses!'
upvoted 0 times
Ezekiel
2 hours ago
A: She's definitely in hot water for that one.
upvoted 0 times
...
...
Arthur
20 days ago
Hmm, I'm not sure. Could it be a planned bustout? Seems like she's trying to strip the company's assets before it goes under.
upvoted 0 times
Cory
4 days ago
B: Yeah, she's definitely trying to hide those assets before filing for bankruptcy.
upvoted 0 times
...
Charlesetta
7 days ago
A: I think you're right, it does sound like a planned bustout.
upvoted 0 times
...
...
Erick
21 days ago
I'm not sure, but it could also be a planned bustout since she sold the mattresses at a significant discount.
upvoted 0 times
...
Jamal
25 days ago
Tatiana's actions of selling the mattresses at 80% below market value right before filing for bankruptcy definitely sounds like a fraudulent conveyance to me. She's trying to hide assets from creditors.
upvoted 0 times
...
Dannie
28 days ago
I agree with Shawnda. It seems like Tatiana was trying to hide assets before filing for bankruptcy.
upvoted 0 times
...
Shawnda
1 months ago
I think Tatiana has committed a fraudulent conveyance by selling mattresses to her husband below market value.
upvoted 0 times
...

Save Cancel