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Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
Suggested Answer: D
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32 comments · newest first
MI
Micaela
11 months ago
Isn't this super easy to catch though?
FI
Fidelia
11 months ago
I think it's called the concealed check scheme.
ER
Ernest
12 months ago
Wait, are people really doing this?
KE
Kelvin
12 months ago
Totally agree, this is a big issue!
AN
Annett
12 months ago
It's definitely a type of fraud.
YU
Yun
1 year ago
I feel like I've seen this type of question before. Concealed check scheme sounds right, but I could be mixing it up with another topic.
KA
Katie
1 year ago
I'm a bit confused. I thought legitimate check scheme was about valid checks, not fraud. Maybe it's C?
LA
Laura
1 year ago
I remember we discussed something similar in class. Could it be A, the endorse check scheme? That seems to fit the description.
DO
Donte
1 year ago
I think the answer might be D, the concealed check scheme, but I'm not entirely sure. It sounds familiar from our practice questions.
GE
Genevieve
1 year ago
I'm not totally confident, but I think the "concealed check scheme" is the right answer here. The question is pretty specific about the employee's role in preparing the fraudulent check.
AS
Ashton
1 year ago
Okay, I've got this. The key here is that the employee prepares a fraudulent check and gets an authorized signer to approve it without proper review. That sounds like the "concealed check scheme" to me.
LA
Lavelle
1 year ago
Hmm, I'm a bit unsure about the differences between these types of check frauds. I'll need to review my notes to make sure I understand the nuances before selecting an answer.
CA
Candra
1 year ago
This seems like a straightforward question on check tempering frauds. I'll carefully read through the options and think about the key characteristics of each type of fraud.
MO
Monroe
1 year ago
The immutability of the blockchain is a key feature, so I'll focus on that. Data security and transparency seem like obvious choices, but I'll also consider asset management since that's an important blockchain use case.
CE
Celeste
1 year ago
Okay, I think I've got a strategy for this. I'll focus on identifying the type of control that would prevent this specific error from occurring.
BU
Bulah
1 year ago
Wait, I'm confused. I thought a transit privilege had to do with stopping a shipment to transform the products. But none of these options really match that. I'll have to think this through again.
VE
Veta
1 year ago
Wait, do I get bonus points for coming up with a new option called the 'Invisible check scheme'? That's where the employee just makes the check disappear entirely. Talk about a foolproof plan!
MI
Mitzie
1 year ago
User 3: D) Concealed check scheme
VI
Vinnie
1 year ago
User 2: B) Legitimate check scheme
ST
Starr
1 year ago
User 1: A) Endorse check scheme
MA
Marla
1 year ago
Option A sounds like the one where the employee runs out and goes on a shopping spree with the check. That's not very subtle, is it? I'm going to have to go with D - Concealed check scheme. It's the sneakiest one!
BL
Blair
1 year ago
C seems the most obvious choice, but you know what they say - the simplest answer is often the right one. I'm going with Payable check scheme. Sounds like a real classic!
AL
Alise
1 year ago
I agree with you, Payable check scheme does sound like a classic fraud.
RO
Rodolfo
1 year ago
I'm not sure, but I'll go with Endorse check scheme. It sounds familiar.
ST
Stephaine
1 year ago
I think it's Concealed check scheme. It sounds sneaky.
LY
Lynelle
2 years ago
Hmm, I'm torn between B and D. Legitimate checks can be just as tricky, but 'concealed' has a nice ring to it. Maybe I'll just flip a coin and hope for the best!
TA
Tamekia
1 year ago
I agree, that one sounds sneaky. Let's go with D!
BE
Berry
1 year ago
I think it's D) Concealed check scheme.
MA
Marva
2 years ago
I think option D is the correct answer. It sounds like the perfect way to sneak a fraudulent check past the authorized signer. Gotta love that 'concealed' part - they're really hiding it in plain sight!
AV
Avery
2 years ago
I'm not sure, but I think it could also be D) Concealed check scheme, where the fraudulent check is hidden among others to deceive the authorized maker.
GL
Glory
2 years ago
I agree with Mozell, because in this scheme the employee can easily slip in a fraudulent check among legitimate ones.
MO
Mozell
2 years ago
I think the answer is A) Endorse check scheme.