Quiz 5 - Question 1 2 out of 2 points What is the purpose...

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Question 1 2 out of 2 points What is the purpose of a shell company? . Answer Selected Answer: It is a fictitious entity established for the purpose of committing fraud. Correct Answer: It is a fictitious entity established for the purpose of committing fraud. Question 2 2 out of 2 points True of false? A shell company is normally formed by the fraudster using a fictitious name and post office box. Since checks received will be made out in the name of the shell company, the fraudster will normally set up a bank account in the same name of the fictitious company and list himself as the authorized signer on the account. Answer Selected Answer: True
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Correct Answer: True Question 3 2 out of 2 points Why do most shell company schemes involve the purchase of services rather than goods? Answer Selected Answer: When the billing scheme involves fictitious goods, the defrauded company may be able to detect the fraud by comparing purchases to inventory levels. Correct Answer: When the billing scheme involves fictitious goods, the defrauded company may be able to detect the fraud by comparing purchases to inventory levels. Response
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Quiz 5 - Question 1 2 out of 2 points What is the purpose...

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