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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. Trade jargon for bribes to promote certain records over the air
Watergate
Penny stocks
Payola
Medicaid
2. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Technological gridlock
Olga Romani
Organizational crime
Cecil Jacobson
3. 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
Rely tampons
Phoenician
Iran-Contra Affair
Mafiaboy
4. 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
Halcion
Major locations of S & L fraud
Linked financing
White-collar crime
5. Crime committed on behalf of an organization
Reciprocal lending agreements
Organizational crime
John Dean
Medical fraud
6. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Major locations of S & L fraud
Robert Citron
Jose Manaya
Mafiaboy
7. Buying or selling corporate stock by a corporate officer or other insider on the basis of information that has not been made public and is supposed to remain confidential
Insider trading
Olga Romani
Phoenician
UCI fertility clinic case
8. A term used to describe unproven or fraudulent medical practices
Organizational crime
American Continental Corporation
Medical fraud
Halcion
9. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Japanese banking crisis/ characteristics
Reciprocal lending agreements
Technological gridlock
Occupational crime
10. A preacher who borrowed millions of the ministries dollars
Hadacol
Alan Cranston
UCI fertility clinic case
Jimmy Swaggart
11. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
White-collar crime
Ivan Boesky
Halcion
Estrella
12. 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.
Linked financing
Penny stocks
Will Black
First Pension Corporation
13. 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
John McCain
Organizational crime
Iran-Contra Affair
Corporate Fraud Bill of 2002
14. Microcap stocks - that are often not required to file reports to the SEC
Technological gridlock
Techniques of neutralization
Charles Keating
Penny stocks
15. 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
Organizational crime
Jose Manaya
16. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
John Dean
Keating Five
Hadacol
Ponzi scheme
17. 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.'
First Pension Corporation
White-collar crime
Linked financing
Hadacol
18. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Keating Five
Collective embezzlement
Ponzi scheme
Medical abuse
19. The secrecy of police officers who lie or look the other way to protect other police officers
Japanese banking crisis/ characteristics
Sarbanes-Oxley Act
Blue Wall of Silence
ABSCAM
20. 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
Ponzi scheme
Sarbanes-Oxley Act
Payola
Olga Romani
21. 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
Medical fraud
Watergate
Payola
Orange County bankruptcy
22. Involves the stealing of company funds by top executives who often work in groups of two or more
Halcion
Sarbanes-Oxley Act
Estrella
Collective embezzlement
23. In the 1980s - he ran American Continental Corporation and the Lincoln Savings and Loan Association - and took advantage of loosened restrictions on banking investments. and 5 US senators known as the Keating 5
Charles Keating
Control fraud characteristics
Multiple Employer Welfare Arrangements (MEWAs)
Jose Manaya
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
Major locations of S & L fraud
Orange County bankruptcy
Rely tampons
American Continental Corporation
25. 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.
White-collar crime
John McCain
Telecommunications and traditional enforcement strategies
Corporate Fraud Bill of 2002
26. 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
Cost of S & L scandal
American Continental Corporation
Cecil Jacobson
Major locations of S & L fraud
27. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Hemlock - Michigan
Ed Gray
Multiple Employer Welfare Arrangements (MEWAs)
Collective embezzlement
28. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Linked financing
Medicaid
Phoenician
Estrella
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
John McCain
Blue Wall of Silence
Fiduciary fraud
30. 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.
Technological gridlock
Land flips
Reciprocal lending agreements
John Dean
31. 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.
UCI fertility clinic case
First Pension Corporation
Blue Wall of Silence
Enron
32. 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
Hadacol
Estrella
Medical fraud
Land flips
33. 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
ABSCAM
Techniques of neutralization
Will Black
Japanese banking crisis/ characteristics
34. Corporations are the same as psychos
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35. A preacher who borrowed millions of the ministries dollars
Organizational crime
Jimmy Swaggart
First Pension Corporation
Estrella
36. 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
Medical fraud
ABSCAM
Daisy chain
Penny stocks
37. Was the largest pension scam in American history - Ponzi scheme
First Pension Corporation
Multiple Employer Welfare Arrangements (MEWAs)
Sarbanes-Oxley Act
Telecommunications and traditional enforcement strategies
38. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Cecil Jacobson
Techniques of neutralization
Watergate
Japanese banking crisis/ characteristics
39. 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
Telecommunications and traditional enforcement strategies
Estrella
Olga Romani
40. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Orange County bankruptcy
Medical abuse
Payola
Robert Citron
41. Trade jargon for bribes to promote certain records over the air
Collective embezzlement
Payola
Nominee loans
ABSCAM
42. Are similarly designed to evade restrictions on insider loans. these arrangements were used extensively in the mid-1980s by thrift officers and directors who - instead of making loans directly to themselves-which would have sounded the alarm among re
Reciprocal lending agreements
Japanese banking crisis/ characteristics
Organizational crime
Health Maintenance Organization (HMO) characteristics
43. 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
Linked financing
Estrella
Hadacol
Corporate Fraud Bill of 2002
44. Irvine. Miami
ABSCAM
Keating Five
Daisy chain
Major locations of S & L fraud
45. Around $100000000000
John Dean
Cost of S & L scandal
UCI fertility clinic case
Daisy chain
46. Buying or selling corporate stock by a corporate officer or other insider on the basis of information that has not been made public and is supposed to remain confidential
Linked financing
First Pension Corporation
Insider trading
Computer crime - types
47. 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
Fiduciary fraud
ABSCAM
Japanese banking crisis/ characteristics
Control fraud characteristics
48. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Olga Romani
Oliver North
Ed Gray
Control fraud characteristics
49. In the 1980s - he ran American Continental Corporation and the Lincoln Savings and Loan Association - and took advantage of loosened restrictions on banking investments. and 5 US senators known as the Keating 5
American Continental Corporation
First Pension Corporation
Charles Keating
White-collar crime
50. 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 $
Ed Gray
Daisy chain
Japanese banking crisis/ characteristics
Cecil Jacobson
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