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Home/Exams/ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes/Question #4
#4Multiple Choice

Neil, a Certified Fraud Examiner (CFE), discovers that a borrower used the same property as a security, or guarantee, to obtain multiple loans from different financial institutions before they were recorded on his credit report. Which type of loan fraud BEST describes the scheme Neil uncovered?

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Exam CFE---FINANCIAL-TRANSACTIONS-AND-FRAUD-SCHEMES Topic 1 Question 4
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