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CFE - Financial Transactions and Fraud Schemes Exam - Question 35


Sinead has lost her job and can no longer afford the luxury car that she recently purchased. Instead of allowing her car to be repossessed by her bank, Sinead decides to leave her car in a high-crime area with the keys in the ignition, hoping that it will be stolen so that she can make an insurance claim for the loss. Sinead is planning to commit which of the following insurance scams?

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GaryLee
Nov 20, 2024

D. Ditching: Disposing of a vehicle to collect on an insurance policy or settle an outstanding loan.

5a97e10Option: D
Nov 30, 2024

D is the correct answer