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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. 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
Ed Gray
Keating Five
Organizational crime
Telecommunications and traditional enforcement strategies
2. 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
Penny stocks
Computer crime - types
Tightrope enforcement
Keating Five
3. 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
Daisy chain
Corporate Fraud Bill of 2002
Alan Cranston
Japanese banking crisis/ characteristics
4. Around $100000000000
Medical fraud
Mafiaboy
Cost of S & L scandal
Technological gridlock
5. 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
Keating Five
Sarbanes-Oxley Act
Blue Wall of Silence
Watergate
6. Company with held some side effects to meet regulation - which led to physical problems for thousands
Corporate Fraud Bill of 2002
Technological gridlock
Halcion
Estrella
7. 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.
Hemlock - Michigan
John Dean
UCI fertility clinic case
Robert Citron
8. 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.
John Dean
Collective embezzlement
John McCain
Linked financing
9. A preacher who borrowed millions of the ministries dollars
Medicaid
Telecommunications and traditional enforcement strategies
John Dean
Jimmy Swaggart
10. 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
Linked financing
First Pension Corporation
Land flips
Mafiaboy
11. Involved Dow chemicals which caused strange deformities to some living things in the area
Linked financing
Oliver North
UCI fertility clinic case
Hemlock - Michigan
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.
Hemlock - Michigan
Organizational crime
Daisy chain
Will Black
13. 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
Blue Wall of Silence
Estrella
American Continental Corporation
Phoenician
14. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Medicaid
Occupational crime
Daisy chain
Watergate
15. 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
First Pension Corporation
John McCain
Major locations of S & L fraud
16. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Hemlock - Michigan
Technological gridlock
Sarbanes-Oxley Act
Money laundering
17. 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.
Hemlock - Michigan
Fiduciary fraud
Will Black
Ponzi scheme
18. Trade jargon for bribes to promote certain records over the air
Nominee loans
Payola
American Continental Corporation
Watergate
19. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Phoenician
Daisy chain
Jose Manaya
Payola
20. (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
Orange County bankruptcy
Major locations of S & L fraud
Computer crime - types
Mafiaboy
21. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Enron
Telecommunications and traditional enforcement strategies
Medical abuse
Occupational crime
22. 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
Control fraud characteristics
Corporate Fraud Bill of 2002
Nominee loans
Cost of S & L scandal
23. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Payola
Techniques of neutralization
Penny stocks
American Continental Corporation
24. 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.
Technological gridlock
Techniques of neutralization
Insider trading
Telecommunications and traditional enforcement strategies
25. 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
Mafiaboy
Ed Gray
Orange County bankruptcy
Major locations of S & L fraud
26. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Medicaid
John Dean
Health Maintenance Organization (HMO) characteristics
Ivan Boesky
27. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
UCI fertility clinic case
Estrella
Cost of S & L scandal
Money laundering
28. A term used to describe unproven or fraudulent medical practices
Medical fraud
Linked financing
Alan Cranston
Jimmy Swaggart
29. 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
Alan Cranston
Money laundering
Jimmy Swaggart
30. 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
Collective embezzlement
Ed Gray
Insider trading
Oliver North
31. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Enron
Organizational crime
Jose Manaya
Occupational crime
32. 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
Payola
Robert Citron
Ed Gray
Sarbanes-Oxley Act
33. Involved Dow chemicals which caused strange deformities to some living things in the area
John Dean
Linked financing
Hemlock - Michigan
Sarbanes-Oxley Act
34. 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
Olga Romani
UCI fertility clinic case
Orange County bankruptcy
Iran-Contra Affair
35. 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
Techniques of neutralization
ABSCAM
36. Microcap stocks - that are often not required to file reports to the SEC
Health Maintenance Organization (HMO) characteristics
Penny stocks
Medicaid
Insider trading
37. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Land flips
Estrella
Ponzi scheme
Medical fraud
38. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
Alan Cranston
Robert Citron
Estrella
John Dean
39. Has to do with medical fraud
Ivan Boesky
Ponzi scheme
Halcion
Tightrope enforcement
40. Was the largest pension scam in American history - Ponzi scheme
Halcion
First Pension Corporation
Land flips
Orange County bankruptcy
41. 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
Insider trading
Charles Keating
Penny stocks
Mafiaboy
42. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Technological gridlock
Fiduciary fraud
Cecil Jacobson
Tightrope enforcement
43. 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
Penny stocks
Ivan Boesky
Land flips
Rely tampons
44. 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
Robert Citron
Iran-Contra Affair
American Continental Corporation
Medical abuse
45. 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
Olga Romani
Cost of S & L scandal
Medical fraud
46. A preacher who borrowed millions of the ministries dollars
Blue Wall of Silence
Ivan Boesky
Control fraud characteristics
Jimmy Swaggart
47. The secrecy of police officers who lie or look the other way to protect other police officers
Phoenician
Linked financing
Daisy chain
Blue Wall of Silence
48. 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
John McCain
Blue Wall of Silence
Robert Citron
Health Maintenance Organization (HMO) characteristics
49. Irvine. Miami
Major locations of S & L fraud
Enron
Health Maintenance Organization (HMO) characteristics
Oliver North
50. Corporations are the same as psychos