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