CFE-Law Certified Fraud Examiner (CFE) - Law Questions and Answers

True

False

The victim relied on the misrepresentation

The defendant acted negligently

The defendant made a false statement (i, e., a misrepresentation of fact)

The victim suffered damages as a result of the misrepresentation

When the court orders such steps to be taken

When litigation has started

When the party receives a service of process

When the charging documents are filed

As part of his sentence for embezzlement, a defendant is ordered to pay back his employer for the money he stole.

As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government

As part of her sentence for money laundering a defendant is sentenced to a three- to five-year term of incarceration

As part of his sentence for tax evasion, a Defendant is ordered to pay a fine of $10,000 to the government

IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets

IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developing nations

IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets

IOSCO is recognized as the international standard-setter for securities markets

Win the case because he is protected under the qualified business privilege

Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification

Lose the case because janessa did not leave the interview

Win the case if he did not know the conduct was illegal

The expert has the discretion to determine the scope of the examinations

The judge is not allowed to question the expert's credibility under any circumstance

The parties determine the extent of consideration to be given to the expert's testimony

The parties are often allowed to question the expert's methods and analysis

If opposing counsel asks an overly complex question during cross-examination, witnesses should ask for the question to be rephrased

If an expert witness's opinion is at risk of being distorted during cross-examination, the expert should avoid answering the question

The primary purpose of cross-examination is for opposing counsel to discover information previously unknown to opposing counsel.

The general rule is for opposing counsel to cross-examine all witnesses to ensure that important details are not missed by the fact finder

A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer

A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives

A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).

A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions

Public health and safety regulations

Laws and regulations related to public subsidies licenses, and contract procurement

Laws and regulations covering e-commerce

Consumer data protection laws

Burton has a duty to cooperate with the investigation even if what is requested from him is not reasonable

Burton can refuse to cooperate with the investigation because he has a fundamental right to privacy

Burton likely has a duty to cooperate with the investigation as part of the employer-employee relationship

Burton can refuse to cooperate with the investigation because he has a fundamental right to remain silent

MSBs tend to have a tower money laundering risk than other financial institutions.

MSBs are generally less strictly regulated than traditional financial institutions.

A check cashing company is classified as an MSB.

A currency exchange is classified as an MSB.