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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. Irvine. Miami
Collective embezzlement
Halcion
Telecommunications and traditional enforcement strategies
Major locations of S & L fraud
2. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Tightrope enforcement
Occupational crime
Jose Manaya
Collective embezzlement
3. 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
Control fraud characteristics
White-collar crime
Japanese banking crisis/ characteristics
Alan Cranston
4. 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
Ivan Boesky
Jose Manaya
Japanese banking crisis/ characteristics
Sarbanes-Oxley Act
5. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
Medical fraud
Cecil Jacobson
Estrella
Insider trading
6. 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.
Land flips
Will Black
John McCain
Jose Manaya
7. 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
Techniques of neutralization
Multiple Employer Welfare Arrangements (MEWAs)
Fiduciary fraud
8. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Organizational crime
Will Black
Ivan Boesky
Cecil Jacobson
9. A preacher who borrowed millions of the ministries dollars
Reciprocal lending agreements
Jimmy Swaggart
Tightrope enforcement
Hadacol
10. 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
Corporate Fraud Bill of 2002
Orange County bankruptcy
Olga Romani
Mafiaboy
11. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Cecil Jacobson
Telecommunications and traditional enforcement strategies
Mafiaboy
Phoenician
12. 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
Collective embezzlement
First Pension Corporation
Jose Manaya
13. 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
Organizational crime
White-collar crime
Corporate Fraud Bill of 2002
14. 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
Fiduciary fraud
Ed Gray
Robert Citron
Ponzi scheme
15. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Halcion
Corporate Fraud Bill of 2002
Watergate
Techniques of neutralization
16. 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.
First Pension Corporation
Ivan Boesky
Ponzi scheme
John Dean
17. A term used to describe unproven or fraudulent medical practices
Ivan Boesky
Medical fraud
Will Black
John Dean
18. Company with held some side effects to meet regulation - which led to physical problems for thousands
Japanese banking crisis/ characteristics
Control fraud characteristics
Halcion
Hadacol
19. Crime committed on behalf of an organization
Organizational crime
'Corporation' film
Penny stocks
Watergate
20. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Ponzi scheme
Medicaid
Linked financing
Charles Keating
21. 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
ABSCAM
Robert Citron
Olga Romani
Oliver North
22. 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
Ponzi scheme
Telecommunications and traditional enforcement strategies
Daisy chain
Charles Keating
23. 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
Halcion
Keating Five
Linked financing
Fiduciary fraud
24. The secrecy of police officers who lie or look the other way to protect other police officers
Blue Wall of Silence
Fiduciary fraud
ABSCAM
Cecil Jacobson
25. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Charles Keating
Hemlock - Michigan
Technological gridlock
Olga Romani
26. Was the largest pension scam in American history - Ponzi scheme
First Pension Corporation
John Dean
Collective embezzlement
Insider trading
27. Corporations are the same as psychos
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28. Trade jargon for bribes to promote certain records over the air
Ivan Boesky
Medical fraud
Payola
Tightrope enforcement
29. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
First Pension Corporation
Hemlock - Michigan
Enron
Multiple Employer Welfare Arrangements (MEWAs)
30. 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 $
Rely tampons
Daisy chain
Mafiaboy
Jimmy Swaggart
31. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Alan Cranston
Ponzi scheme
'Corporation' film
Medical fraud
32. 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
Iran-Contra Affair
Jose Manaya
Technological gridlock
Payola
33. Involved Dow chemicals which caused strange deformities to some living things in the area
Corporate Fraud Bill of 2002
Major locations of S & L fraud
Collective embezzlement
Hemlock - Michigan
34. The secrecy of police officers who lie or look the other way to protect other police officers
Blue Wall of Silence
Ivan Boesky
Insider trading
Medicaid
35. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Robert Citron
Cost of S & L scandal
John McCain
Medicaid
36. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Oliver North
White-collar crime
Cecil Jacobson
Daisy chain
37. 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
Computer crime - types
Orange County bankruptcy
Hadacol
Alan Cranston
38. 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
Fiduciary fraud
Tightrope enforcement
Major locations of S & L fraud
Oliver North
39. 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
Cecil Jacobson
White-collar crime
Phoenician
Medicaid
40. 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
Iran-Contra Affair
ABSCAM
American Continental Corporation
41. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Computer crime - types
Medical abuse
Phoenician
Tightrope enforcement
42. 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
Corporate Fraud Bill of 2002
43. 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
Fiduciary fraud
Nominee loans
Technological gridlock
Hadacol
44. 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
Nominee loans
Jimmy Swaggart
Technological gridlock
Phoenician
45. 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
Control fraud characteristics
Robert Citron
First Pension Corporation
Keating Five
46. 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.
Cost of S & L scandal
Rely tampons
Ivan Boesky
Medicaid
47. 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
Techniques of neutralization
White-collar crime
Linked financing
48. Microcap stocks - that are often not required to file reports to the SEC
Penny stocks
Jose Manaya
Oliver North
Jose Manaya
49. Has to do with medical fraud
Corporate Fraud Bill of 2002
Multiple Employer Welfare Arrangements (MEWAs)
Ed Gray
Tightrope enforcement
50. Crime committed on behalf of an organization
Corporate Fraud Bill of 2002
Jimmy Swaggart
Medical fraud
Organizational crime