ACFE Exam CFE-Law Topic 1 Question 38 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 38
Topic #: 1

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

AA fraudulent bankruptcy

BA fraudulent conveyance

CA planned bustout

DA concealed transfer

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Suggested Answer: A

by Anastacia at Jun 01, 2024, 10:05 AM

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Shawnda

22 hours ago

I think Tatiana has committed a fraudulent conveyance by selling mattresses to her husband below market value.

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