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CFE - Financial Transactions and Fraud Schemes Exam - Question 50


Bayan finds a residential property with an owner who lives far away. She forges the owner’s signature on property transfer documents that purport to give Bayan full ownership of the property. Bayan then takes the falsified documents to the bank and obtains a loan using the property as collateral. Which of the following BEST describes this scheme?

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AML_1234Option: B
Jan 8, 2025

Te Air loan means that the property exist