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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. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
Estrella
Technological gridlock
Hadacol
Keating Five
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
John Dean
Charles Keating
Japanese banking crisis/ characteristics
3. 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
First Pension Corporation
Blue Wall of Silence
Sarbanes-Oxley Act
Fiduciary fraud
4. 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
Control fraud characteristics
Blue Wall of Silence
Enron
5. 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
Technological gridlock
Payola
Fiduciary fraud
Japanese banking crisis/ characteristics
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
Insider trading
Iran-Contra Affair
Technological gridlock
Land flips
7. 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
Medical fraud
Oliver North
Jose Manaya
Keating Five
8. 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
'Corporation' film
Ponzi scheme
Insider trading
Tightrope enforcement
9. Involved Dow chemicals which caused strange deformities to some living things in the area
Reciprocal lending agreements
Hemlock - Michigan
Jimmy Swaggart
Keating Five
10. The secrecy of police officers who lie or look the other way to protect other police officers
Organizational crime
Penny stocks
Blue Wall of Silence
Daisy chain
11. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Jimmy Swaggart
Medical abuse
Jose Manaya
UCI fertility clinic case
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
Computer crime - types
Techniques of neutralization
Penny stocks
'Corporation' film
13. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ivan Boesky
Techniques of neutralization
Cost of S & L scandal
John Dean
14. 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
Jose Manaya
Medical abuse
Land flips
Hemlock - Michigan
15. A preacher who borrowed millions of the ministries dollars
First Pension Corporation
Corporate Fraud Bill of 2002
Multiple Employer Welfare Arrangements (MEWAs)
Jimmy Swaggart
16. 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
Alan Cranston
Phoenician
Medical abuse
Occupational crime
17. Around $100000000000
Cost of S & L scandal
Oliver North
Multiple Employer Welfare Arrangements (MEWAs)
Sarbanes-Oxley Act
18. 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.'
Fiduciary fraud
Hadacol
Will Black
Phoenician
19. 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
Money laundering
Alan Cranston
Will Black
Orange County bankruptcy
20. Trade jargon for bribes to promote certain records over the air
Hadacol
Rely tampons
Payola
Estrella
21. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Jose Manaya
Hadacol
American Continental Corporation
Major locations of S & L fraud
22. 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
Ed Gray
Japanese banking crisis/ characteristics
Ivan Boesky
Charles Keating
23. 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.
Land flips
Money laundering
Enron
Telecommunications and traditional enforcement strategies
24. Involves the stealing of company funds by top executives who often work in groups of two or more
Phoenician
Olga Romani
Collective embezzlement
Oliver North
25. A term used to describe unproven or fraudulent medical practices
Rely tampons
Organizational crime
Daisy chain
Medical fraud
26. 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
Daisy chain
Ed Gray
ABSCAM
27. Was the largest pension scam in American history - Ponzi scheme
Hadacol
Medicaid
First Pension Corporation
Hemlock - Michigan
28. Company with held some side effects to meet regulation - which led to physical problems for thousands
Medicaid
Halcion
Health Maintenance Organization (HMO) characteristics
'Corporation' film
29. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Techniques of neutralization
Sarbanes-Oxley Act
Multiple Employer Welfare Arrangements (MEWAs)
Penny stocks
30. Irvine. Miami
Insider trading
Payola
Major locations of S & L fraud
Ponzi scheme
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
Enron
Orange County bankruptcy
Cost of S & L scandal
ABSCAM
32. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Multiple Employer Welfare Arrangements (MEWAs)
Tightrope enforcement
Fiduciary fraud
Technological gridlock
33. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Medicaid
Daisy chain
Cecil Jacobson
Penny stocks
34. 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
Enron
Ivan Boesky
Phoenician
Land flips
35. 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.
Cecil Jacobson
Blue Wall of Silence
Telecommunications and traditional enforcement strategies
Ponzi scheme
36. 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.
Linked financing
Reciprocal lending agreements
Telecommunications and traditional enforcement strategies
Iran-Contra Affair
37. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Olga Romani
Medical fraud
Tightrope enforcement
Multiple Employer Welfare Arrangements (MEWAs)
38. 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
Medical fraud
Control fraud characteristics
Occupational crime
Orange County bankruptcy
39. 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
Olga Romani
Phoenician
Occupational crime
Charles Keating
40. 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.
Ed Gray
Payola
Robert Citron
Linked financing
41. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Medicaid
Multiple Employer Welfare Arrangements (MEWAs)
Robert Citron
Reciprocal lending agreements
42. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Reciprocal lending agreements
Rely tampons
Techniques of neutralization
Cost of S & L scandal
43. 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
Robert Citron
Oliver North
Blue Wall of Silence
Penny stocks
44. 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
Iran-Contra Affair
Health Maintenance Organization (HMO) characteristics
Blue Wall of Silence
'Corporation' film
45. Accepted money from Keating - one of the Keating 5
Will Black
Technological gridlock
John McCain
Enron
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
John Dean
Enron
Cecil Jacobson
Cost of S & L scandal
47. 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
Reciprocal lending agreements
Major locations of S & L fraud
Orange County bankruptcy
Land flips
48. 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
Will Black
Corporate Fraud Bill of 2002
Medical fraud
Japanese banking crisis/ characteristics
49. Around $100000000000
Insider trading
Japanese banking crisis/ characteristics
Cost of S & L scandal
Medical fraud
50. Involves the stealing of company funds by top executives who often work in groups of two or more
Collective embezzlement
Will Black
Japanese banking crisis/ characteristics
Enron