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ACFE Fraud Examination - 1st Exam 2025 Questions and Answers What is a Ponzi Scheme? - --CORRECT ANSWER--A type of fraud that lures investments funds from victims and then pays those victims a premium from money that is paid by subsequent investors. What are the four basic sources of fraud statistics? - --CORRECT ANSWER-Governments agencies, researchers, insurance companies and victims of fraud. What are companies and individuals who have been defrauded more concerned about? - --CORRECT ANSWER--The embarrassment of making fraud public and the costs of investigating fraud than they are about seeking and punishing fraud perpetrators. What is the ACFE? - --CORRECT ANSWER--The Association of Certified Fraud Examiners. It regularly conducts one of the most comprehensive fraud studies in the United States. How do losses incurred from fraud reduce a firm's income on a dollar-for-dollar basis? - --CORRECT ANSWER--For every $1 of fraud, net income is reduced by ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1