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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
Penny stocks
Iran-Contra Affair
Medical fraud
Mafiaboy
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.
Daisy chain
Keating Five
Medicaid
John Dean
3. 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
Estrella
Control fraud characteristics
Daisy chain
Ponzi scheme
4. 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
Fiduciary fraud
Major locations of S & L fraud
5. A preacher who borrowed millions of the ministries dollars
Enron
Iran-Contra Affair
Jimmy Swaggart
Blue Wall of Silence
6. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
UCI fertility clinic case
Health Maintenance Organization (HMO) characteristics
Ponzi scheme
Ed Gray
7. 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
Multiple Employer Welfare Arrangements (MEWAs)
Jose Manaya
Money laundering
8. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Reciprocal lending agreements
Iran-Contra Affair
John McCain
Cecil Jacobson
9. (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
Multiple Employer Welfare Arrangements (MEWAs)
American Continental Corporation
Ed Gray
10. 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)
Iran-Contra Affair
Insider trading
11. 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
Keating Five
Jimmy Swaggart
Olga Romani
Occupational crime
12. 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.
Olga Romani
White-collar crime
Oliver North
UCI fertility clinic case
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
Techniques of neutralization
UCI fertility clinic case
Daisy chain
Phoenician
14. 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
Keating Five
Jimmy Swaggart
Ed Gray
Organizational crime
15. Crime committed on behalf of an organization
Iran-Contra Affair
White-collar crime
Orange County bankruptcy
Organizational crime
16. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Jose Manaya
First Pension Corporation
Orange County bankruptcy
Iran-Contra Affair
17. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Will Black
Cecil Jacobson
Charles Keating
Daisy chain
18. 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
Linked financing
Major locations of S & L fraud
Cecil Jacobson
19. Involves the stealing of company funds by top executives who often work in groups of two or more
Organizational crime
Major locations of S & L fraud
Medical fraud
Collective embezzlement
20. Around $100000000000
Land flips
Cost of S & L scandal
Medical fraud
Cecil Jacobson
21. Trade jargon for bribes to promote certain records over the air
Hadacol
Payola
UCI fertility clinic case
Estrella
22. Involved Dow chemicals which caused strange deformities to some living things in the area
Payola
Charles Keating
Hadacol
Hemlock - Michigan
23. 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 $
ABSCAM
Fiduciary fraud
Major locations of S & L fraud
Daisy chain
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
Japanese banking crisis/ characteristics
Jose Manaya
Ed Gray
Payola
25. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
'Corporation' film
Daisy chain
Japanese banking crisis/ characteristics
Olga Romani
26. 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
Multiple Employer Welfare Arrangements (MEWAs)
Insider trading
Techniques of neutralization
Japanese banking crisis/ characteristics
27. Crime committed on behalf of an organization
Medical fraud
Tightrope enforcement
Organizational crime
Techniques of neutralization
28. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Medicaid
Ponzi scheme
Medical abuse
Occupational crime
29. Has to do with medical fraud
Tightrope enforcement
Olga Romani
Organizational crime
Ivan Boesky
30. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Ponzi scheme
Computer crime - types
Olga Romani
Enron
31. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Jose Manaya
Linked financing
Techniques of neutralization
Ponzi scheme
32. 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
Daisy chain
Phoenician
Techniques of neutralization
John Dean
33. Has to do with medical fraud
Daisy chain
Hemlock - Michigan
Tightrope enforcement
Techniques of neutralization
34. 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.
Tightrope enforcement
Computer crime - types
Will Black
John Dean
35. 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.'
Keating Five
Hadacol
Phoenician
ABSCAM
36. 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
American Continental Corporation
Ed Gray
Major locations of S & L fraud
37. 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.
Insider trading
Linked financing
Japanese banking crisis/ characteristics
Orange County bankruptcy
38. 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
Technological gridlock
Organizational crime
Mafiaboy
39. Company with held some side effects to meet regulation - which led to physical problems for thousands
Penny stocks
Telecommunications and traditional enforcement strategies
Money laundering
Halcion
40. 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
Multiple Employer Welfare Arrangements (MEWAs)
Oliver North
Cecil Jacobson
First Pension Corporation
41. 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
Techniques of neutralization
White-collar crime
Reciprocal lending agreements
42. 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
Rely tampons
Watergate
Land flips
Medical abuse
43. 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.
Medical abuse
Multiple Employer Welfare Arrangements (MEWAs)
Telecommunications and traditional enforcement strategies
Multiple Employer Welfare Arrangements (MEWAs)
44. 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
Hadacol
Sarbanes-Oxley Act
Ed Gray
White-collar crime
45. Microcap stocks - that are often not required to file reports to the SEC
Iran-Contra Affair
Will Black
Jose Manaya
Penny stocks
46. 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
Reciprocal lending agreements
Payola
Major locations of S & L fraud
47. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
Estrella
Corporate Fraud Bill of 2002
Money laundering
White-collar crime
48. 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
Charles Keating
Keating Five
Techniques of neutralization
Insider trading
49. 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.
Mafiaboy
Iran-Contra Affair
Rely tampons
Health Maintenance Organization (HMO) characteristics
50. 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
Orange County bankruptcy
Will Black
Medicaid
Japanese banking crisis/ characteristics
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