CFE - Law

CFE - Law practice questions, page 5 of 6, with answer review and explanations.

Question 21

ABC Manufacturing is a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. An investigator at ABC searches the desk of Denise, an ABC employee, and finds illegal narcotics. The investigator seizes the narcotics and turns them over to members of law enforcement. The investigator violated Denise's rights by failing to obtain a search warrant before conducting the search.

  1. True
  2. False

Question 22

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 in 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?

  1. When he first deposited the funds into a domestic account
  2. When he spent the money
  3. When he moved the funds through several transactions using foreign accounts
  4. When he first stole the cash from his employer

Question 23

Tatiana is the chief executive officer (CEO) of ABC Warehouse, a retail mattress store that has been struggling financially. A week before ABC Warehouse files for bankruptcy, Tatiana sells ten mattresses to her husband at 80% below market value. Which type of fraud scheme has Tatiana MOST LIKELY committed?

  1. A fraudulent bankruptcy
  2. A planned bustout
  3. A concealed transfer
  4. A fraudulent conveyance

Question 24

Greg is serving as an expert witness and is being cross-examined at trial. The questioning party gets Greg to state that he spent considerable time working on a certain issue in the case. Then, the questioning party asks many questions on a tangential issue in the case that Greg knows little about. Which of the following describes the questioning party's method?

  1. Myopic vision
  2. Personal attack
  3. Bias
  4. Sounding board

Question 25

Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?

  1. The presence of a jury is always required to make factual findings in a common law criminal trial.
  2. A judge usually serves as the fact finder in serious cases.
  3. Juries usually serve as the fact finder in serious cases.
  4. A panel of a professional judge and lay judges is typically responsible for factual findings.