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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. 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
Enron
Enron
Daisy chain
Iran-Contra Affair
2. Was the largest pension scam in American history - Ponzi scheme
Health Maintenance Organization (HMO) characteristics
First Pension Corporation
Tightrope enforcement
Technological gridlock
3. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Money laundering
Occupational crime
Keating Five
Cecil Jacobson
4. 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
UCI fertility clinic case
Medical abuse
5. Trade jargon for bribes to promote certain records over the air
John Dean
Watergate
Health Maintenance Organization (HMO) characteristics
Payola
6. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Medicaid
Watergate
Jose Manaya
Japanese banking crisis/ characteristics
7. Involved Dow chemicals which caused strange deformities to some living things in the area
Halcion
Occupational crime
Ed Gray
Hemlock - Michigan
8. 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.
Techniques of neutralization
Money laundering
First Pension Corporation
Health Maintenance Organization (HMO) characteristics
9. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Iran-Contra Affair
Multiple Employer Welfare Arrangements (MEWAs)
'Corporation' film
White-collar crime
10. 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
John McCain
Techniques of neutralization
Occupational crime
Alan Cranston
11. Around $100000000000
Ivan Boesky
Hadacol
Medicaid
Cost of S & L scandal
12. Accounting firms are now forbidden from offering consulting services to clients if it posses a conflict of interest - and for the first time an independent oversight board has been established to oversee the industry.Executives also would not be allo
Medical fraud
Corporate Fraud Bill of 2002
Estrella
Olga Romani
13. 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
Ponzi scheme
Enron
Reciprocal lending agreements
14. 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
Ponzi scheme
Oliver North
Ed Gray
Jose Manaya
15. 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
Sarbanes-Oxley Act
Hemlock - Michigan
ABSCAM
Insider trading
16. 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
Orange County bankruptcy
Halcion
Fiduciary fraud
Sarbanes-Oxley Act
17. Was the Internet alias of Michael Calce - a high school student from the middle-class suburban area of the West Island in Montreal - Canada who launched a series of highly publicized denial-of-service attacks in February 2000 against large commercial
Cost of S & L scandal
Techniques of neutralization
Mafiaboy
Money laundering
18. 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
ABSCAM
White-collar crime
Japanese banking crisis/ characteristics
Control fraud characteristics
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
Reciprocal lending agreements
White-collar crime
Corporate Fraud Bill of 2002
Rely tampons
20. 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.
Corporate Fraud Bill of 2002
Ivan Boesky
Technological gridlock
UCI fertility clinic case
21. 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 $
Telecommunications and traditional enforcement strategies
Daisy chain
Hemlock - Michigan
Ed Gray
22. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
Charles Keating
Jimmy Swaggart
Halcion
Estrella
23. 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
Enron
Rely tampons
Orange County bankruptcy
Organizational crime
24. Orange County California became the largest municipality in U.S. history ever to file for bankruptcy. The financial difficulties leading to the bankruptcy were the direct result of an enormous gamble with public funds taken by a county treasurer Who
Fiduciary fraud
Orange County bankruptcy
Charles Keating
Hemlock - Michigan
25. 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
Medicaid
Hemlock - Michigan
Halcion
American Continental Corporation
26. Was the Internet alias of Michael Calce - a high school student from the middle-class suburban area of the West Island in Montreal - Canada who launched a series of highly publicized denial-of-service attacks in February 2000 against large commercial
Mafiaboy
Rely tampons
First Pension Corporation
Corporate Fraud Bill of 2002
27. 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.
Jimmy Swaggart
Rely tampons
Enron
Halcion
28. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
UCI fertility clinic case
Penny stocks
Multiple Employer Welfare Arrangements (MEWAs)
Medical fraud
29. Are only one of many types of managed care arrangements. However - it is one of the oldest forms of managed care.more emphasis is placed on prevention and quality of care. There is also more opportunity to control health care costs in HMOs than in in
Health Maintenance Organization (HMO) characteristics
Cost of S & L scandal
Nominee loans
Tightrope enforcement
30. A treasurer-tax collector of the OC - who declared chapter 9 bankruptcy taxed and charged larged interest rates to save OC which left the OC nearly bankrupt
Occupational crime
Insider trading
Major locations of S & L fraud
Robert Citron
31. Is a legal fiction used in the law to describe a situation where a person or entity gained an unfair advantage over another by deceitful - or unfair - methods.
Fiduciary fraud
Health Maintenance Organization (HMO) characteristics
Medical abuse
Olga Romani
32. (1) electronic embezzlement and financial fraud; (2) computer hacking ; (3) malicious sabotage - including the creation - installation - or dissemination of computer viruses; (4) Internet scams; (5) utilization of computers and computer networks for
Computer crime - types
Ivan Boesky
ABSCAM
Techniques of neutralization
33. 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.
Linked financing
Penny stocks
Cost of S & L scandal
Alan Cranston
34. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Medical abuse
Major locations of S & L fraud
Corporate Fraud Bill of 2002
Occupational crime
35. 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
Cost of S & L scandal
Hadacol
Nominee loans
Penny stocks
36. Crime committed on behalf of an organization
Ivan Boesky
Organizational crime
Jose Manaya
Fiduciary fraud
37. 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.
Will Black
Jose Manaya
Computer crime - types
First Pension Corporation
38. Involved Dow chemicals which caused strange deformities to some living things in the area
Hemlock - Michigan
Money laundering
American Continental Corporation
Hadacol
39. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Jose Manaya
Japanese banking crisis/ characteristics
Techniques of neutralization
Organizational crime
40. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Robert Citron
John McCain
Techniques of neutralization
Technological gridlock
41. Has to do with medical fraud
Tightrope enforcement
Japanese banking crisis/ characteristics
Daisy chain
Techniques of neutralization
42. 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
Sarbanes-Oxley Act
Occupational crime
Tightrope enforcement
Control fraud characteristics
43. The Federal Trade Commission stated that the publicity behind the tonic was 'false - misleading and deceptive' in representing the nostrum as 'an effective treatment and cure for scores of ailments and diseases.'
Charles Keating
Hadacol
Ivan Boesky
UCI fertility clinic case
44. 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
Penny stocks
Alan Cranston
ABSCAM
Hemlock - Michigan
45. 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
Ed Gray
Techniques of neutralization
Iran-Contra Affair
Keating Five
46. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Reciprocal lending agreements
Tightrope enforcement
Keating Five
Cecil Jacobson
47. 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
Corporate Fraud Bill of 2002
White-collar crime
Iran-Contra Affair
Collective embezzlement
48. 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
Cost of S & L scandal
Phoenician
Ed Gray
Computer crime - types
49. 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
John McCain
Japanese banking crisis/ characteristics
Corporate Fraud Bill of 2002
Money laundering
50. 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
Insider trading
Corporate Fraud Bill of 2002
Payola
Enron