Conversion Investigation Methods

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Question 1
Free
Multiple Choice

Which of the following types of information do credit reporting agencies not maintain?

Choose correct answer/s
A

Information of current and former employers

B

Account information such as payment schedules, items purchased, and buying habits.

C

Marketing information such as customer breakdowns by age, sex, and income levels

D

Consumer information such as addresses and family members

E

Credit reporting agencies maintain all of the above information

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Question 2
Free
Multiple Choice

Using the data below the income from unknown sources for year 2 and 3 respectively are: image

Choose correct answer/s
A

-27,800; -41,800

B

275,800; 267,800

C

81,800; 311,800

D

65,800; 47,800

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Question 3
Free
Multiple Choice

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

Choose correct answer/s
A

Area the person was living when the number was issued

B

A unique serial number for a person

C

Race

D

Group number

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Question 4
Free
Multiple Choice

Searching through someone's garbage is considered a legal activity when:

Choose correct answer/s
A

the trash is more than 14 days old

B

the trash is in the person's possession

C

the trash has left the person's home or sidewalk

D

Stealing a person's trash is never considered a legal activity.

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Question 5
Free
Multiple Choice

Income from known sources subtracted from total income gives a reasonable estimate of:

Choose correct answer/s
A

Unknown funds

B

Liabilities

C

Living Expenses

D

Net Worth

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Question 6
Multiple Choice

During an interview with Heidi Royce, she confessed to accepting $64,500 in kickbacks from a key supplier over the last 6 months. Heidi's income for the year was $48,000 and her living expenses totaled $94,500 due mainly to medical costs of $40,000. She has a current net worth of $20,000. What was her (increase/decrease) in net worth?

Choose correct answer/s
A
$6,500
B
$2,000
C
$71,000
D
$9,500
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Question 7
Multiple Choice

What is the purpose of the net worth calculation in fraud?

Choose correct answer/s
A
It is used to determine the extent of stolen funds
B
It is used to determine how much money can be stolen without causing a company to go bankrupt.
C
It is used to help locate fraudulent asset accounts
D
All of the above
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Question 8
Multiple Choice

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

Choose correct answer/s
A
Experian
B
Equifax
C
Transunion
D
Proquest
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Question 9
Multiple Choice

________ is both a federal and state source of information.

Choose correct answer/s
A
Secretary of state
B
Bureau of prisons
C
Department of defense
D
Permit departments
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Question 10
Multiple Choice

Which of the following is not a needed component for computing a person's Net Worth?

Choose correct answer/s
A
Parent's financial status
B
Prior year's net worth
C
Funds from known sources
D
Net worth increase
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Question 11
Multiple Choice

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

Choose correct answer/s
A
Real Estate that has been purchased
B
Automobile registration
C
Property's current assessed value
D
Liens removed
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Question 12
Multiple Choice

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

Choose correct answer/s
A
ATF
B
Social Security Administration
C
Department of Justice
D
Postal Service
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Question 13
Multiple Choice

Which of the following agencies is generally the least productive in a records search?

Choose correct answer/s
A
Searching Local agencies
B
Searching County agencies
C
Searching State agencies
D
Searching Federal agencies
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Question 14
Multiple Choice

Which of the following is not a federal source of information?

Choose correct answer/s
A
Secretary of State
B
CIA
C
Bureau of Prisons
D
FBI
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Question 15
Multiple Choice

Evidence gathered from searching through someone's trash:

Choose correct answer/s
A
Can help identify concealment attempts
B
Can help to determine how a perpetrator is spending stolen money
C
Can help understand how a perpetrator is stealing money
D
All of the above are true
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Question 16
Multiple Choice

Net worth calculations do all of the following except:

Choose correct answer/s
A
Determine Net worth
B
Determine funds from unknown sources
C
Determine where fraudulent monies are hidden
D
Determine a person's Net Worth Increase
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Question 17
Multiple Choice

Which of the following statements is false regarding the net worth method?

Choose correct answer/s
A
The net worth method generally understates amounts stolen.
B
Much of the information necessary for determining an individual's assets, liabilities, living expenses, and income is available through public records.
C
Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth method can only provide approximations of the amount stolen.
D
The net worth method is useful for obtaining confessions from suspects during interviews or interrogations.
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Question 18
Multiple Choice

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

Choose correct answer/s
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.
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Question 19
Multiple Choice

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter. She obtains account history and orders newspaper service for six months. Has Mandy committed fraud?

Choose correct answer/s
A
No. The newspaper has not yet been delivered nor paid.
B
Yes. She is in violation of the Gramm-Leach Bliley Act of 1999.
C
No. Her neighbor can obtain all of the newspapers when they return next spring.
D
Yes. She has engaged in mail fraud, Title 18, U.S. Code Section 1344.
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Question 20
Multiple Choice

You are investigating a fraud in which you suspect that one of your suppliers from another state has been giving bribes and kickbacks to your purchasing agent in exchange for a lucrative, exclusive contract. Which of the following agencies/individuals would be the most helpful in investigating this fraud?

Choose correct answer/s
A
The FBI because they have national jurisdiction and can investigate and prosecute violators from a different state.
B
The state attorney general for the supplier's state because they are responsible for enforcing all state civil and criminal laws.
C
Postal inspectors because the bribes and kickbacks were most likely made through the mail system; therefore, federal mail statutes apply.
D
The IRS because your purchasing agent is not too bright and probably reported the bribes and kickbacks as income on his tax returns.
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