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Pass the ACFE Certified Fraud Examiner CFE-Law Questions and answers with CertsForce

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Questions # 61:

Ethan a U S resident, is running a Ponzi scheme As part of the scheme, he uses the U S mail system to send promotional materials to potential victims in France If the US government decides to prosecute Ethan, which of the following would provide the MOST LIKELY basis for the charges?

Options:

A.

Mail fraud


B.

Wire fraud


C.

Insider trading fraud


D.

Communications fraud


Expert Solution
Questions # 62:

Bob receives a memorandum from his attorney that is protected by a legal professional privilege Bob emails the memorandum to a third party who has no need to know the information in the memorandum Which of the following statements is MOST ACCURATE?

Options:

A.

Bob did not walve the privilege because the legal professional privilege belongs to the attorney, not the client


B.

Bob might have waived the privilege because he transmitted the protected information to a third party who has no need to know the information


C.

Bob might have waived the privilege because he used email to transmit the protected information.


D.

Bob did not waive the privilege because the legal professional privilege cannot be waived by transmitting protected information to a third party


Expert Solution
Questions # 63:

Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor ' s estate in liquidation bankruptcy proceedings?

Options:

A.

The jurisdiction ' s commerce department or equivalent agency


B.

The creditor with the largest claim against the debtor


C.

The debtor, supervised by an independent insolvency representative


D.

An independent insolvency representative


Expert Solution
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