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ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam CFE-Financial-Transactions-and-Fraud-Schemes Question # 1 Topic 1 Discussion

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ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam CFE-Financial-Transactions-and-Fraud-Schemes Question # 1 Topic 1 Discussion

CFE-Financial-Transactions-and-Fraud-Schemes Exam Topic 1 Question 1 Discussion:
Question #: 1
Topic #: 1

Several people who work in real estate collude to obtain a loan for the construction of a residential building on a property that does not exist. The co-conspirators divide the proceeds among themselves and leave the lender with no collateral to seize when loan payments are not made. Which of the following BEST describes this scheme?
A.

Property flopping

B.

Air loan

C.

Phantom lien

D.

Daisy chain

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Actual exam question for ACFE CFE-Financial-Transactions-and-Fraud-Schemes exam by Nyx43961 at Dec 13, 2025, 4:35:12 AM

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