CFE-Law Exam Dumps - Certified Fraud Examiner (CFE) - Law

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Question # 33

Management at ABC Org. suspects that Marcia, an employee in charge of negotiating vendor contracts, has a conflict of interest. For ABC Org.'s conflict-of-interest claim to be actionable, which of the following scenarios must be TRUE?

The alleged conflict must have resulted in a direct personal benefit for Marcia.

Marcia must have failed to disclose that she had a personal or economic interest in a matter that could influence her professional role.

Marcia must have informed the organization that she had a connection to one or more of the vendors with whom she was negotiating.

The alleged conflict must have resulted in a financial loss for the organization.

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Question # 34

Smith, a Certified Fraud Examiner (CFE). works for the ABC Company, a private entity that operates w\ a jurisdiction with civil laws for defamation, invasion of privacy. and conflict of interest Smith seizes and searches the personal smartphone of Green an employee of ABC even though Green was not suspected of any wrongdong Assuming that Green had a reasonable expectation of privacy in the smartphone and Smith conducted the search without a legitmate interest or authority, under which of the following claims would Green MOST LIKELY be able to recover damages against Smith?

Slander

Intrusion into Green's private matters

Public disclosure of private facts

Conflict of interest

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Question # 35

Allison works for a government contractor She informs the government that her employer has been submitting false claims to the government for payment Later it is discovered that Allison has misappropriated more than $50,000 of her employer's money Alison qualifies as a whistleblower entitled to anti-retaliation protection under the law because of her report to the government Which of the following statements about Allison is CORRECT?

Allison cannot be fired for misappropriating funds from her employer

Allison cannot be fired for any reason

Alison cannot be fired for informing the government of her employeeâ€™s fraud

None of the above

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Question # 36

Which of the following statements concerning the appointment of expert witnesses at that is accurate?

Generally, the court appoints the primary expert witnesses in inquisitorial jurisdictions.

Generally, only the parties may select expert witnesses in inquisitor jurisdictions

Generally the court selects the primary expert witnesses in adversarial jurisdictions

Generally, only the parties may select experts to introduce testimony in adversarial jurisdictions

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Question # 37

The MOST COMMON bankruptcy fraud scheme is:

Forged filing

A planned bustcut

A credit card bustout

Concealment of assets

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Question # 38

Claude stole a large amount of cash from his employer and then deposited the funds into a domestic bank account Next, he wired the illicit funds to a foreign bank account and engaged m several other transactions using foreign accounts to make them difficult to trace Finally, he transferred the funds back to a domestic account and then spent the money. Which of the following actions was the layering stage of Claude's money laundering scheme?

When he first deposited the funds into a domestic account

When he first stole the cash from his employer

When he moved the funds through several transactions using foreign accounts

When he spent the money

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Question # 39

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?

The jurisdiction's commerce department or equivalent agency

The creditor with the largest claim against the debtor

The debtor, supervised by an independent insolvency representative

An independent insolvency representative

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