CFE – Financial Transactions and Fraud Schemes — Question 85

Which of the following is a TRUE statement regarding check fraud?

Answer options

• A. Most check fraud perpetrators are caught and prosecuted.
• B. The equipment required to commit check fraud is relatively inexpensive.
• C. The penalties for committing check fraud tend to be relatively severe.
• D. None of the above statements are true.

Correct answer: C

Explanation

The correct answer is C because penalties for check fraud can include significant fines and imprisonment, reflecting the seriousness of the crime. Option A is incorrect, as not all perpetrators are caught, and B is misleading since while some equipment may be inexpensive, the overall cost can vary. D is also wrong since C is a true statement.