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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. Microcap stocks - that are often not required to file reports to the SEC
Iran-Contra Affair
Olga Romani
Ed Gray
Penny stocks
2. 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.
Charles Keating
Olga Romani
Mafiaboy
John Dean
3. 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.
Reciprocal lending agreements
Medical abuse
Computer crime - types
Linked financing
4. 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
Cecil Jacobson
Cecil Jacobson
Insider trading
Payola
5. 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
Collective embezzlement
Corporate Fraud Bill of 2002
Ponzi scheme
Alan Cranston
6. 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
Hadacol
Jimmy Swaggart
Multiple Employer Welfare Arrangements (MEWAs)
Oliver North
7. Was the largest pension scam in American history - Ponzi scheme
Olga Romani
John Dean
Hemlock - Michigan
First Pension Corporation
8. Accepted money from Keating - one of the Keating 5
Ponzi scheme
John McCain
Blue Wall of Silence
Daisy chain
9. 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.
Occupational crime
Nominee loans
Halcion
Money laundering
10. The secrecy of police officers who lie or look the other way to protect other police officers
John McCain
Organizational crime
Health Maintenance Organization (HMO) characteristics
Blue Wall of Silence
11. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Multiple Employer Welfare Arrangements (MEWAs)
Hadacol
Enron
Techniques of neutralization
12. (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
Sarbanes-Oxley Act
Rely tampons
Computer crime - types
Medical fraud
13. (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
Major locations of S & L fraud
Nominee loans
Oliver North
14. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Telecommunications and traditional enforcement strategies
Sarbanes-Oxley Act
Olga Romani
Health Maintenance Organization (HMO) characteristics
15. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Fiduciary fraud
Will Black
Land flips
Medical abuse
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.
Linked financing
UCI fertility clinic case
Control fraud characteristics
Medical fraud
17. 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
Olga Romani
Ivan Boesky
White-collar crime
Phoenician
18. A term used to describe unproven or fraudulent medical practices
Medical fraud
Sarbanes-Oxley Act
Olga Romani
White-collar crime
19. Involved Dow chemicals which caused strange deformities to some living things in the area
Medical abuse
Hemlock - Michigan
Japanese banking crisis/ characteristics
Techniques of neutralization
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
Robert Citron
Tightrope enforcement
Japanese banking crisis/ characteristics
Sarbanes-Oxley Act
21. 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
Land flips
Telecommunications and traditional enforcement strategies
Halcion
Ed Gray
22. 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 $
Alan Cranston
Payola
Iran-Contra Affair
Daisy chain
23. 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.'
Ivan Boesky
Will Black
Hadacol
Hemlock - Michigan
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
Fiduciary fraud
Ponzi scheme
Ed Gray
Tightrope enforcement
25. 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
Occupational crime
Insider trading
Reciprocal lending agreements
Organizational crime
26. 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.
Health Maintenance Organization (HMO) characteristics
UCI fertility clinic case
Rely tampons
Halcion
27. 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
Control fraud characteristics
Organizational crime
Japanese banking crisis/ characteristics
28. 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
Telecommunications and traditional enforcement strategies
Ivan Boesky
Ponzi scheme
Iran-Contra Affair
29. 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
Enron
Corporate Fraud Bill of 2002
Jimmy Swaggart
Charles Keating
30. A preacher who borrowed millions of the ministries dollars
John McCain
Jimmy Swaggart
Oliver North
Olga Romani
31. 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
Health Maintenance Organization (HMO) characteristics
First Pension Corporation
American Continental Corporation
Hemlock - Michigan
32. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Cost of S & L scandal
Ivan Boesky
ABSCAM
Techniques of neutralization
33. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
UCI fertility clinic case
Estrella
Technological gridlock
Keating Five
34. 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
Hemlock - Michigan
John Dean
Mafiaboy
Corporate Fraud Bill of 2002
35. Crime committed on behalf of an organization
Nominee loans
Organizational crime
UCI fertility clinic case
Oliver North
36. 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
Land flips
Japanese banking crisis/ characteristics
Telecommunications and traditional enforcement strategies
Money laundering
37. 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
American Continental Corporation
Techniques of neutralization
Corporate Fraud Bill of 2002
Reciprocal lending agreements
38. 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
Robert Citron
White-collar crime
Blue Wall of Silence
UCI fertility clinic case
39. 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
Watergate
Hemlock - Michigan
Hadacol
Cost of S & L scandal
40. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Telecommunications and traditional enforcement strategies
Ed Gray
Medicaid
Computer crime - types
41. Trade jargon for bribes to promote certain records over the air
Reciprocal lending agreements
First Pension Corporation
Tightrope enforcement
Payola
42. 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
Rely tampons
Payola
Robert Citron
Land flips
43. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Hadacol
Ponzi scheme
Watergate
White-collar crime
44. 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
Jimmy Swaggart
Phoenician
Major locations of S & L fraud
UCI fertility clinic case
45. 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 $
Iran-Contra Affair
Hadacol
Halcion
Daisy chain
46. 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
Cecil Jacobson
Control fraud characteristics
UCI fertility clinic case
47. Around $100000000000
Watergate
Ivan Boesky
Penny stocks
Cost of S & L scandal
48. Trade jargon for bribes to promote certain records over the air
Corporate Fraud Bill of 2002
Estrella
Payola
Keating Five
49. Company with held some side effects to meet regulation - which led to physical problems for thousands
Robert Citron
Halcion
Cost of S & L scandal
Enron
50. A preacher who borrowed millions of the ministries dollars
Medical abuse
Jimmy Swaggart
Control fraud characteristics
First Pension Corporation