CFE – Investigation — Question 38

Which of the following is a common method that fraudsters use to hide their ill-gotten gains?

Answer options

• A. Creating a will to allocate assets at death
• B. Transferring assets into foreign trusts
• C. Purchasing a used vehicle
• D. Placing assets in probate

Correct answer: B

Explanation

The correct answer is B, as transferring assets into foreign trusts helps to obscure ownership and makes it difficult for authorities to trace the funds. Options A and D involve legal processes that do not effectively hide assets, while C, purchasing a used vehicle, does not provide a significant means of concealing large amounts of money.