Question

Multiple Choice Questions
1. To avoid overly tight security, fraud losses are sometimes:
a. Accepted.
b. Counteracted.
c. Prevented.
d. None of the above.

2. Which is true of a small business waiting to collect insurance on an embezzlement claim, assuming substantial fraud and destruction of the financial records?
a. At the beginning of a fraud investigation, the business is likely to immediately file a proof of loss statement and receive prompt payment under the insurance policy.
b. At the beginning of a fraud investigation, the business is likely to immediately file a proof of loss statement, and after 90 days it receives payment under the insurance policy.
c. The business may have a significant chance of failure before it collects the insurance.
d. None of the above.

3. Suing a fraudster in civil court may be futile because of which of these?
a. The fraudster is likely to obtain a high-powered defense attorney.
b. The fraudster is likely to be without assets vulnerable to a civil action.
c. It is necessary to obtain a criminal conviction before filing a civil suit.
d. None of the above.

4. A detailed chronology is:
a. Sometimes a part of fraud reports.
b. Always a part of fraud reports.
c. Never a part of fraud reports.
d. Only a part of fraud reports when the case is expected to go to court.

5. To argue fraud-related consequential damages in court, lawyers often find that which of the following is true?
a. The fraud report alone usually suffices.
b. The fraud report plus the investigator’s testimony usually suffices.
c. Completely separate reports may be required.
d. The fraud investigator will generally need a signed confession in most states.



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  • CreatedMarch 20, 2015
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