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Test your basic knowledge |
White Collar Crime Basics
Start Test
Study First
Subjects
:
law
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Involved Dow chemicals which caused strange deformities to some living things in the area
Iran-Contra Affair
Hadacol
Rely tampons
Hemlock - Michigan
2. Exploiting control increases the 'take' from fraud; the need to maintain control causes the leaders to act like 'control freaks' over their citizens and employees; their ability to control their firms and nations makes it difficult to prosecute their
'Corporation' film
Control fraud characteristics
Sarbanes-Oxley Act
Payola
3. A hotel -Oct. 1 - 1988 - Within five months the Federal Government found itself the unproud owner - keating - taking it over after Mr. Keating's Lincoln Savings and Loan and the parent company - the American Continental Corporation - declared bankrup
Phoenician
Japanese banking crisis/ characteristics
Hadacol
UCI fertility clinic case
4. He accepted $1 million in campaign contributions from the Lincoln Savings head - Charles Keating. Keating had wanted federal regulators to stop 'hounding' his savings and loan association. The committee deemed his misconduct the worst among the Keati
Alan Cranston
Orange County bankruptcy
Keating Five
John McCain
5. Is a United States federal law enacted on July 30 - 2002 - as a reaction to a number of major corporate and accounting scandals including those affecting Enron - Tyco International - Adelphia - Peregrine Systems and WorldCom. These scandals - which c
Health Maintenance Organization (HMO) characteristics
First Pension Corporation
Oliver North
Sarbanes-Oxley Act
6. Around $100000000000
Cost of S & L scandal
Estrella
Will Black
Mafiaboy
7. Is the first major overhaul of telecommunications law in almost 62 years. The goal of this new law is to let anyone enter any communications business -- to let any communications business compete in any market against any other.
Telecommunications and traditional enforcement strategies
Phoenician
Penny stocks
Tightrope enforcement
8. Was a United States Federal Bureau of Investigation (FBI) sting operation run from the FBI's Hauppauge - Long Island - office in the late 1970s and early 1980s. The operation initially targeted trafficking in stolen property but was converted to a pu
Computer crime - types
ABSCAM
Technological gridlock
Medical fraud
9. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Enron
Ivan Boesky
Techniques of neutralization
Olga Romani
10. He testified against Nixon as well as other cabinet members in the Watergate hearings. His testimony helped led to the removal of several White House officials and the resignation of Nixon. Before his testimony he had been a White House lawyer.
'Corporation' film
John Dean
Orange County bankruptcy
White-collar crime
11. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Olga Romani
White-collar crime
Cost of S & L scandal
Techniques of neutralization
12. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Will Black
Sarbanes-Oxley Act
Cecil Jacobson
Blue Wall of Silence
13. Accepted money from Keating - one of the Keating 5
John McCain
Medical abuse
Collective embezzlement
Japanese banking crisis/ characteristics
14. Is the practice of engaging in financial transactions in order to conceal the identity - source - and/or destination of money - and is a main operation of the underground economy.
Money laundering
Ed Gray
Medicaid
Daisy chain
15. The Keating Five were five United States Senators accused of corruption in 1989 - igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators - Alan Cranston (Democrat of Calif
Keating Five
Robert Citron
Hadacol
Halcion
16. May 1995 - with charges that its three internationally known doctors --Ricardo Asch - Jose Balmaceda and Sergio Stone -- had taken eggs from women without consent and implanted them as embryos in others.
Japanese banking crisis/ characteristics
Olga Romani
UCI fertility clinic case
Watergate
17. A piece of property - usually commercial real estate - is sold back and forth between two or more partners - inflating the sales price each time and refinancing the property with each sale until the value has increased several times over
Health Maintenance Organization (HMO) characteristics
Charles Keating
Land flips
Phoenician
18. The secrecy of police officers who lie or look the other way to protect other police officers
Blue Wall of Silence
Health Maintenance Organization (HMO) characteristics
UCI fertility clinic case
Computer crime - types
19. Defined by Edwin Sutherland as 'a crime committed by a person of respectability and high social status in the course of his occupation' White-collar crime therefore overlaps with corporate crime because the opportunity for fraud - bribery - insider t
White-collar crime
Control fraud characteristics
Olga Romani
Payola
20. Was a political scandal in the United States which came to light in November 1986 - during the Reagan administration - in which senior US figures agreed to facilitate the sale of arms to Iran - the subject of an arms embargo - to secure the release o
Sarbanes-Oxley Act
Iran-Contra Affair
Control fraud characteristics
Tightrope enforcement
21. Was a real estate agency headed by Keating. Which later added on Lincoln Savings and Loan Association for $51 million - which left the company broke
American Continental Corporation
Alan Cranston
Halcion
Medical fraud
22. Involves the stealing of company funds by top executives who often work in groups of two or more
Jimmy Swaggart
Hadacol
Money laundering
Collective embezzlement
23. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Hemlock - Michigan
Penny stocks
Multiple Employer Welfare Arrangements (MEWAs)
Cost of S & L scandal
24. Chair of the Federal Home Loan Bank Board eared that the savings industry's risky investment practices were exposing the government's insurance funds to huge losses. for the keating 5
Computer crime - types
Hemlock - Michigan
Mafiaboy
Ed Gray
25. The Keating Five were five United States Senators accused of corruption in 1989 - igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators - Alan Cranston (Democrat of Calif
White-collar crime
Telecommunications and traditional enforcement strategies
Nominee loans
Keating Five
26. 1972; Nixon feared loss so he approved the Commission to Re-Elect the President to spy on and espionage the Democrats. A security gaurd foiled an attempt to bug the Democratic National Committe Headquarters - exposing the scandal. Seemingly contained
Jimmy Swaggart
Watergate
Organizational crime
Corporate Fraud Bill of 2002
27. Is the first major overhaul of telecommunications law in almost 62 years. The goal of this new law is to let anyone enter any communications business -- to let any communications business compete in any market against any other.
Insider trading
Health Maintenance Organization (HMO) characteristics
Jose Manaya
Telecommunications and traditional enforcement strategies
28. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Sarbanes-Oxley Act
Daisy chain
Technological gridlock
John Dean
29. To carry out immediate capital injections to the US banks. when public opinion was very strongly against bailing out highly-paid bankers and irresponsible banks. Recall also that in 1992 - then-Prime Minister Miyazawa wanted to help the banking syste
Japanese banking crisis/ characteristics
'Corporation' film
Health Maintenance Organization (HMO) characteristics
Tightrope enforcement
30. Was the largest pension scam in American history - Ponzi scheme
Cecil Jacobson
Blue Wall of Silence
First Pension Corporation
Ponzi scheme
31. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Telecommunications and traditional enforcement strategies
Japanese banking crisis/ characteristics
Reciprocal lending agreements
Cecil Jacobson
32. Corporations are the same as psychos
33. Is a loan in the name of one party that is intended for use by another. A misapplication occurs when a financial institution insider uses his position to secure a nominee loan - either for himself or for another person - and the insider conceals his
Daisy chain
Nominee loans
Estrella
Daisy chain
34. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Jose Manaya
Collective embezzlement
Keating Five
Ivan Boesky
35. Chair of the Federal Home Loan Bank Board eared that the savings industry's risky investment practices were exposing the government's insurance funds to huge losses. for the keating 5
Watergate
John McCain
Hemlock - Michigan
Ed Gray
36. In November 2001 Enron - the United States' seventh largest corporation - issued a statement drastically revising its stated profits over the past three years. Within a month - the company was forced to declare bankruptcy—the largest bankruptcy in bu
Halcion
Rely tampons
Enron
American Continental Corporation
37. An indictment was returned by a federal grand jury in New Jersey - charging Misulovin and 24 other individuals - 15 of whom were emigres from Eastern Europe - with conspiring to defraud the United States and the state of New Jersey of approximately $
Nominee loans
Estrella
Technological gridlock
Daisy chain
38. To carry out immediate capital injections to the US banks. when public opinion was very strongly against bailing out highly-paid bankers and irresponsible banks. Recall also that in 1992 - then-Prime Minister Miyazawa wanted to help the banking syste
Medicaid
Keating Five
Japanese banking crisis/ characteristics
Telecommunications and traditional enforcement strategies
39. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Penny stocks
Japanese banking crisis/ characteristics
Jose Manaya
First Pension Corporation
40. A hotel -Oct. 1 - 1988 - Within five months the Federal Government found itself the unproud owner - keating - taking it over after Mr. Keating's Lincoln Savings and Loan and the parent company - the American Continental Corporation - declared bankrup
Phoenician
Keating Five
Iran-Contra Affair
Collective embezzlement
41. A brand of superabsorbent tampons made by Procter & Gamble starting in 1975. It was recalled from the market in September 1980 because it was linked to Toxic Shock Syndrome The recall cost Procter and Gamble over $75 million.
Techniques of neutralization
Rely tampons
Payola
'Corporation' film
42. Around $100000000000
Reciprocal lending agreements
Money laundering
Daisy chain
Cost of S & L scandal
43. Is the practice of engaging in financial transactions in order to conceal the identity - source - and/or destination of money - and is a main operation of the underground economy.
Money laundering
ABSCAM
Corporate Fraud Bill of 2002
Linked financing
44. Trade jargon for bribes to promote certain records over the air
Organizational crime
First Pension Corporation
Oliver North
Payola
45. Was a political scandal in the United States which came to light in November 1986 - during the Reagan administration - in which senior US figures agreed to facilitate the sale of arms to Iran - the subject of an arms embargo - to secure the release o
Halcion
Iran-Contra Affair
Tightrope enforcement
Watergate
46. 1972; Nixon feared loss so he approved the Commission to Re-Elect the President to spy on and espionage the Democrats. A security gaurd foiled an attempt to bug the Democratic National Committe Headquarters - exposing the scandal. Seemingly contained
Tightrope enforcement
Charles Keating
Watergate
Orange County bankruptcy
47. One of the chief figures in the Iran-Contra scandal was Marine Colonel Oliver North - an aide to the NSC. He admitted to covering up their actions - including shredding documents to destroy evidence. IMP. Although Reagan did approve the sale of arms
Enron
Corporate Fraud Bill of 2002
Oliver North
Money laundering
48. Arrangement between a depositor and a bank (or other financial institution) under which the bank extends loan(s) to a certain borrower. The extent of the loan amount depends on the amount of credit balance maintained in the depositor's account.
Halcion
Multiple Employer Welfare Arrangements (MEWAs)
ABSCAM
Linked financing
49. A term used to describe unproven or fraudulent medical practices
Ponzi scheme
Telecommunications and traditional enforcement strategies
Mafiaboy
Medical fraud
50. A former bank regulator who developed the concept of 'control fraud' - in which a business or national executive uses the entity he or she controls as a 'weapon' to commit fraud.
Major locations of S & L fraud
Will Black
Techniques of neutralization
Technological gridlock