Question 1

UCC records can identify all of the following except:

Accepted Answer

A)  Collateral on purchased assets 
B)  The nature of the lending company 
C)  Where a person banks 
D)  Whether a person has a need for money 
E)  UCC records cann identify all of the above 
A)  Collateral on purchased assets 
B)  The nature of the lending company 
C)  Where a person banks 
D)  Whether a person has a need for money 
E)  UCC records cann identify all of the above

Question 2

Social Security contains information about an individual. Which item below is not included in an individual's social security number?

Accepted Answer

A)  Area the person was living when the number was issued 
B)  A unique serial number for a person 
C)  Race 
D)  Group number 
A)  Area the person was living when the number was issued 
B)  A unique serial number for a person 
C)  Race 
D)  Group number

Question 3

Which of the following is not a good reason for involving postal inspectors in a fraud investigation?

Accepted Answer

A)  Postal inspectors share jurisdiction with other federal, state, and local agencies. 
B)  Postal inspectors work for the prosecution of offenders who violate postal laws. 
C)  Postal inspectors have access to an individual's past and current addresses. 
D)  Postal inspectors work to protect citizens from loss through theft that uses the mail system. 
A)  Postal inspectors share jurisdiction with other federal, state, and local agencies. 
B)  Postal inspectors work for the prosecution of offenders who violate postal laws. 
C)  Postal inspectors have access to an individual's past and current addresses. 
D)  Postal inspectors work to protect citizens from loss through theft that uses the mail system.

Question 4

After 1999, how could you obtain information from a financial institution?

Accepted Answer

A)  Court Subpoena 
B)  Search warrants 
C)  False pretenses 
D)  Both a and b 
A)  Court Subpoena 
B)  Search warrants 
C)  False pretenses 
D)  Both a and b

Question 5

The Gramm-Leach Bliley Act stipulates the following:

Accepted Answer

A)  Trash that has not left the possession of a person may not be legally searched. 
B)  Credit information about an individual that is furnished to a third party must also be made available to that individual. 
C)  Banks may share customers' financial information with others. 
D)  None of the above. 
A)  Trash that has not left the possession of a person may not be legally searched. 
B)  Credit information about an individual that is furnished to a third party must also be made available to that individual. 
C)  Banks may share customers' financial information with others. 
D)  None of the above.

Question 6

What are the three major credit reporting agencies?

Accepted Answer

A)  Experian, Equifax, and TransUnion 
B)  Providian, Equifax, and TransUnion 
C)  Providian, FairIsaac, and Experian 
D)  TransUnion, FairIsaac, and Providian 
A)  Experian, Equifax, and TransUnion 
B)  Providian, Equifax, and TransUnion 
C)  Providian, FairIsaac, and Experian 
D)  TransUnion, FairIsaac, and Providian

Question 7

Funds from unknown sources equals:

Accepted Answer

A)  Assets - Liabilities. 
B)  Net Worth Increase + Living Expenses. 
C)  Income - Funds from Known Sources. 
D)  Net Worth - Prior Year's Net Worth. 
A)  Assets - Liabilities. 
B)  Net Worth Increase + Living Expenses. 
C)  Income - Funds from Known Sources. 
D)  Net Worth - Prior Year's Net Worth.

Question 8

All of the following federal agencies maintain information that can help fraud investigations except which?

Accepted Answer

A)  ATF 
B)  Social Security Administration 
C)  Department of Justice 
D)  Postal Service 
A)  ATF 
B)  Social Security Administration 
C)  Department of Justice 
D)  Postal Service

Question 9

Which of the following is not one of the credit reporting agencies used to check identity theft?

Accepted Answer

A)  Experian 
B)  Equifax 
C)  Transunion 
D)  Proquest 
A)  Experian 
B)  Equifax 
C)  Transunion 
D)  Proquest

Question 10

Which of the following is a true disadvantage of using the net worth method?

Accepted Answer

A)  the amounts are not readily accepted as evidence by courts 
B)  it rarely facilitates the obtaining of a confession 
C)  it is widely used by the DEA, FBI, and IRS 
D)  embezzlers typically spend their money on luxuries that are difficult to track 
A)  the amounts are not readily accepted as evidence by courts 
B)  it rarely facilitates the obtaining of a confession 
C)  it is widely used by the DEA, FBI, and IRS 
D)  embezzlers typically spend their money on luxuries that are difficult to track

Question 11

Which of the following frauds would conversion investigation methods be most effective in uncovering?

Accepted Answer

A)  Kickback schemes 
B)  Revenue fraud schemes 
C)  Underrecording of accounts payable 
D)  Payroll schemes 
A)  Kickback schemes 
B)  Revenue fraud schemes 
C)  Underrecording of accounts payable 
D)  Payroll schemes

Question 12

Which of the following is an example of a state source of information?

Accepted Answer

A)  Social Security Administration. 
B)  Utility records. 
C)  Department of Motor Vehicles. 
D)  Permit departments. 
A)  Social Security Administration. 
B)  Utility records. 
C)  Department of Motor Vehicles. 
D)  Permit departments.

Question 13

The Gramm-Leach Bliley Act allows all of the following except:

Accepted Answer

A)  Banks to sell customer information 
B)  Individuals to gather information under false pretenses. 
C)  Companies to share customer information even if the customer has "opted out". 
D)  Financial Institutions to share personal information with law enforcement agencies 
A)  Banks to sell customer information 
B)  Individuals to gather information under false pretenses. 
C)  Companies to share customer information even if the customer has "opted out". 
D)  Financial Institutions to share personal information with law enforcement agencies

Question 14

Where can a fraud investigator search for public information without a search warrant?

Accepted Answer

A)  County and local records 
B)  Federal and State records 
C)  Financial institution records 
D)  Internal Revenue Service records 
A)  County and local records 
B)  Federal and State records 
C)  Financial institution records 
D)  Internal Revenue Service records

Question 15

Which of the following is not a type of information that can be obtained from the County Land Office and Tax Assessor's Office?

Accepted Answer

A)  Real Estate that has been purchased 
B)  Automobile registration 
C)  Property's current assessed value 
D)  Liens removed 
A)  Real Estate that has been purchased 
B)  Automobile registration 
C)  Property's current assessed value 
D)  Liens removed

Question 16

Lexis-Nexis and Dun & Bradstreet are examples of:

Accepted Answer

A)  Law firms that specialize in fraud prosecution 
B)  Publicly available databases 
C)  Companies that have committed fraud in the past 
D)  Names of legislative bills regarding fraud 
A)  Law firms that specialize in fraud prosecution 
B)  Publicly available databases 
C)  Companies that have committed fraud in the past 
D)  Names of legislative bills regarding fraud

Question 17

True or false: Federal records are usually more useful than state and local records when investigating fraud.

Accepted Answer

A) True 
 B)False

Question 18

The Gramm-Leach Bliley Act prohibits

Accepted Answer

A)  Telemarketers selling information to corporations 
B)  The use of false pretenses to access the personal information of others 
C)  Public access to FBI criminal database 
D)  None of the Above 
A)  Telemarketers selling information to corporations 
B)  The use of false pretenses to access the personal information of others 
C)  Public access to FBI criminal database 
D)  None of the Above

Question 19

A fraud investigator would have the least amount of difficulty obtaining the _________ of a suspect.

Accepted Answer

A)  Tax returns 
B)  Military records 
C)  Birth records 
D)  Social security number 
A)  Tax returns 
B)  Military records 
C)  Birth records 
D)  Social security number

Question 20

The Secret Service performs all of the following functions except:

Accepted Answer

A)  Protects the president of the United States 
B)  Investigates counterfeiting 
C)  Investigates theft of government checks 
D)  Investigates charges of treason 
E)  The Secret Service performs all of the above functions 
A)  Protects the president of the United States 
B)  Investigates counterfeiting 
C)  Investigates theft of government checks 
D)  Investigates charges of treason 
E)  The Secret Service performs all of the above functions

UCC records can identify all of the following except:

Social Security contains information about an individual. Which item below is not included in an individual's social security number?

Which of the following is not a good reason for involving postal inspectors in a fraud investigation?

After 1999, how could you obtain information from a financial institution?

The Gramm-Leach Bliley Act stipulates the following:

What are the three major credit reporting agencies?

Funds from unknown sources equals:

All of the following federal agencies maintain information that can help fraud investigations except which?

Which of the following is not one of the credit reporting agencies used to check identity theft?

Which of the following is a true disadvantage of using the net worth method?

Which of the following frauds would conversion investigation methods be most effective in uncovering?

Which of the following is an example of a state source of information?

The Gramm-Leach Bliley Act allows all of the following except:

Where can a fraud investigator search for public information without a search warrant?

Which of the following is not a type of information that can be obtained from the County Land Office and Tax Assessor's Office?

Lexis-Nexis and Dun & Bradstreet are examples of:

True or false: Federal records are usually more useful than state and local records when investigating fraud.

The Gramm-Leach Bliley Act prohibits

A fraud investigator would have the least amount of difficulty obtaining the _________ of a suspect.

The Secret Service performs all of the following functions except:

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Consumer Fraud

Bankruptcy, Divorce, and Tax Fraud

Fraud in E-Commerce

Legal Follow-Up

Filters

Exam 9: Conversion Investigation Methods

UCC records can identify all of the following except:

Social Security contains information about an individual. Which item below is not included in an individual's social security number?

Which of the following is not a good reason for involving postal inspectors in a fraud investigation?

After 1999, how could you obtain information from a financial institution?

The Gramm-Leach Bliley Act stipulates the following:

What are the three major credit reporting agencies?

Funds from unknown sources equals:

All of the following federal agencies maintain information that can help fraud investigations except which?

Which of the following is not one of the credit reporting agencies used to check identity theft?

Which of the following is a true disadvantage of using the net worth method?

Which of the following frauds would conversion investigation methods be most effective in uncovering?

Which of the following is an example of a state source of information?

The Gramm-Leach Bliley Act allows all of the following except:

Where can a fraud investigator search for public information without a search warrant?

Which of the following is not a type of information that can be obtained from the County Land Office and Tax Assessor's Office?

Lexis-Nexis and Dun & Bradstreet are examples of:

True or false: Federal records are usually more useful than state and local records when investigating fraud.

The Gramm-Leach Bliley Act prohibits

A fraud investigator would have the least amount of difficulty obtaining the _________ of a suspect.

The Secret Service performs all of the following functions except:

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Consumer Fraud

Bankruptcy, Divorce, and Tax Fraud

Fraud in E-Commerce

Legal Follow-Up

Filters