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ACFE Certified Fraud Examiner - CFE-Law Exam Questions

QUESTION NO: 1
A prosecutor filed criminal charges against Rosa calming that she stole Juan ' s personal information and sold his identity on the dark web Juan wants to file a civil lawsuit against Rosa to recover damages arising from the identity theft Can Juan file the civil action before the criminal action against Rosa is completed?

A. Yes, the civil action can be filed if the jurisdiction permits analogous cairns. B. No, the civil action cannot be filed if the jurisdiction prohibits double jeopardy. C. Yes, the civil action can be filed if the jurisdiction permits parallel proceedings. D. No, the civil action cannot be filed if the jurisdiction prohibits counterclaims.

Correct Answer: C

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QUESTION NO: 2
During a bankruptcy bustout scheme, or planned bankruptcy, the debtor committing the fraud typically performs which of the following actions?

A. Bribes a trustee to overlook assets in the debtor ' s possession B. Conspires with suppliers to produce fraudulent invoices C. Purchases large quantities of goods on credit D. Colludes with creditors and the trustee to pay some creditors but not ethers

Correct Answer: C

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QUESTION NO: 3
Which of the following typically does NOT need to be present for communications between an attorney and the attorney ' s client to be protected by a legal professional privilege?

A. Communication between a legal advisor and a client B. A lawsuit has been filed C. Purpose of the communications was to seek or provide legal advice D. Intent to keep the communications confidential

Correct Answer: B

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QUESTION NO: 4
Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?

A. A suitability violation occurs when a broker enters into transactions and manages a client ' s account for the purpose of generating excessive commissions B. A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client ' s objectives C. A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer D. A suitability violation occurs when a broker trades in a client ' s account without obtaining prior approval for making the transaction(s).

Correct Answer: A

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QUESTION NO: 5
Ramona is investigating Eugene for misconduct Ramona and Eugene both work for Elek-Tek, which operates in a jurisdiction with evil laws for defamation, invasion of privacy and conflict of interest During the investigation Ramona obtained ^formation that Eugene is cheating on his spouse Ramona to a large group of Elek-Tek employees that Eugene was committing adultery, which turned out to be true Which cause of action would give Eugene the BEST chance for success m a civil suit against Ramona?

A. Slander B. Conflict of interest C. Defamation D. Public disclosure of private facts

Correct Answer: D

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QUESTION NO: 6
Which of the following typically does NOT have to be present for communications between an attorney and the attorney ' s client to be protected by a legal professional privilege?

A. Communication between a legal advisor and a client B. A lawsuit has been filed C. Purpose of the communications was to seek or provide legal advice D. Intent to keep the communications confidential

Correct Answer: B

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QUESTION NO: 7
Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?

A. The expectation of making a profit B. An investment of money or other asset C. Profits derived solely from the investor ' s management activity D. investment m a common enterprise

Correct Answer: C

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QUESTION NO: 8
Which of the following statements about the appeals process in cranial cases is MOST ACCURATE?

A. Appellate courts will usually reverse a conviction even if the trial court ' s error did not affect the outcome of the case B. In common law jurisdictions, appellate courts are generally not permitted to make their own factual determinations when reviewing a case C. Appellate courts will usually hear an appeal even if the petition was not filed in a timely manner D. In civil law jurisdictions appellate courts are generally not permitted to make their own legal conclusions when reviewing a case

Correct Answer: B

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QUESTION NO: 9
During a trial in an adversarial system an attorney calls an expert witness to the stand and asks " Could you please describe the procedures you performed in your examination? ' ' Based on this question, which type of testimony is MOST LIKELY being presented ' ?

A. Cross-examination B. Impeachment C. Request for admission D. Direct exam Ml mi

Correct Answer: D

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QUESTION NO: 10
The Financial Action Task Force (FATF) Recommendations advise countries to do all of the following EXCEPT:

A. Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing B. Require financial institutions to monitor their customers ' political affiliations. C. Use a risk-based approach when setting anti-money laundering policies D. Require financial institutions to keep certain records and establish anti-money laundering policies.

Correct Answer: B

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QUESTION NO: 11
After the government charged Angel with money laundering, he forcibly entered his accountant's office and destroyed incriminating documents. Angel's actions would most likely cause the government to bring additional charges against him for:

A. Obstruction of justice B. Fraudulent misrepresentation C. Misappropriation of evidence D. Conspiracy to influence the court

Correct Answer: A

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