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ACFE: LAW QUESTIONS AND ANSWERS
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ACFE: LAW QUESTIONS AND ANSWERS
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ACFE: LAW QUESTIONS AND ANSWERSredemption scheme - Answers -buy insurance with bad assets, claim later for legit
money
insurance prepayment scheme - Answers -make advance payments to store money,
take out later in legit money
Chapter 7 Bankruptcy - Answers -debts eliminated, liquidate assets
deferred prosecution agreement - Answers -file charges but promise not to prosecute if
defendant does what is asked
What cases do lower level courts hear? - Answers -hear misdemeanors, felony
preliminaries, civil disputes < 10k
What cases do higher level courts hear? - Answers -felonies, civil disputes > 10k
What cases do appellate courts hear? - Answers -no trying new cases, just review lower
courts
commercial bribery - Answers -thing of value
corrupt intent
influence recipient in business decision
acted without victim's knowledge or consent
closing arguments (criminal) - Answers -prosecution first
defense
prosecution rebuttal
Integrative Bargaining - Answers -mediation
US District court (federal) - Answers -criminal and civil cases under federal law
court of appeals - Answers -review district court decisions
US Supreme court - Answers -reviews lower court decisions
federal court structure - Answers -US district court
court of appeals
US Supreme court
fraudulent misrepresentation - Answers -false statement
material lie
knowing lie
victim relied on lie
, damages suffered
most common bankruptcy scheme - Answers -concealed assets
perjury (3) - Answers -lie under oath
knowing statement was false
material lie
statutory law created by - Answers -legislature
exclusionary rule - Answers -evidence gathered in violation of 4th amendment can't be
used in court
voir dire - Answers -jury selection process
appeals - Answers -questions of fact
questions of law
Civil Jury Size - Answers -most are 6
grand jury (2) - Answers -nonadversarial
no absolute right to appear before grand jury
Duty of Loyalty - Answers -don't be stupid outside the company
Bank Secrecy Act - Answers -anti-money laundering
money laundering process - Answers -placement: introduce illegal profits
layering: disguise money with complex transactions
integration: integrate back into economy in ways to make it look legit
when appeal can be made - Answers -only for errors of law
anti-money laundering program components - Answers -policies
compliance officer
training
independent audits
adversarial system - Answers -favored by common law
parties drive fact finding
inquisitorial system - Answers -favored by civil law
judge drives fact finding
who can appeal in civil case - Answers -either party
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