Law Flashcards
7 cards from real ACFE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Law flashcards as text
Under the False Claims Act, the qui tam provision allows:
Answer: Private citizens to file lawsuits on behalf of the government and share in any recovery
The qui tam provision of the False Claims Act permits private individuals (relators) to file suit on behalf of the government and receive 15–30% of any monetary recovery.
Which element is NOT required to establish wire fraud under 18 U.S.C. § 1343?
Answer: Proof that a victim actually suffered financial loss
Wire fraud does not require proof of actual loss; the statute is violated when the defendant uses wire communications in furtherance of a scheme to defraud, regardless of whether the scheme succeeds.
An attorney-client privilege can be overcome under the crime-fraud exception when:
Answer: The client sought the attorney's assistance to commit or plan a future crime or fraud
The crime-fraud exception strips attorney-client privilege when the client consulted the attorney to facilitate an ongoing or future crime or fraud.
Under the USA PATRIOT Act, financial institutions are required to implement Customer Identification Programs (CIP) to verify:
Answer: The identity of customers opening new accounts
CIP requirements under the USA PATRIOT Act mandate that financial institutions collect and verify identifying information from customers opening new accounts.
The Racketeer Influenced and Corrupt Organizations (RICO) Act requires proof of a 'pattern of racketeering activity,' which generally means:
Answer: At least two predicate acts within ten years
RICO requires a pattern of racketeering activity, which courts have interpreted as at least two related predicate acts occurring within ten years of each other.
In the context of evidence law, the best evidence rule requires that:
Answer: The original document must be produced to prove the contents of a writing
The best evidence rule (Federal Rule of Evidence 1002) requires that an original document be produced when its contents are at issue, unless an exception applies.
Under the Dodd-Frank Act, SEC whistleblowers who provide original information leading to enforcement actions resulting in sanctions over $1 million may receive:
Answer: 10–30% of sanctions collected
The Dodd-Frank Act provides eligible whistleblowers 10–30% of monetary sanctions collected in SEC enforcement actions exceeding $1 million.