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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. Crime committed on behalf of an organization
Telecommunications and traditional enforcement strategies
Computer crime - types
Organizational crime
Control fraud characteristics
2. 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
Multiple Employer Welfare Arrangements (MEWAs)
Fiduciary fraud
Phoenician
Mafiaboy
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
First Pension Corporation
Alan Cranston
John Dean
Land flips
4. 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.
Will Black
Linked financing
Tightrope enforcement
Hemlock - Michigan
5. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Blue Wall of Silence
Iran-Contra Affair
Olga Romani
Collective embezzlement
6. 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
Ivan Boesky
Nominee loans
Rely tampons
Charles Keating
7. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Medical abuse
Ponzi scheme
Cost of S & L scandal
Technological gridlock
8. 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
Rely tampons
Nominee loans
Money laundering
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
Techniques of neutralization
Computer crime - types
American Continental Corporation
Jimmy Swaggart
10. 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
Hemlock - Michigan
Technological gridlock
Ed Gray
Medicaid
11. 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
Hadacol
Iran-Contra Affair
Computer crime - types
First Pension Corporation
12. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Sarbanes-Oxley Act
Hadacol
Techniques of neutralization
Jose Manaya
13. Corporations are the same as psychos
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14. Company with held some side effects to meet regulation - which led to physical problems for thousands
Halcion
Cost of S & L scandal
Technological gridlock
American Continental Corporation
15. 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
Penny stocks
Control fraud characteristics
Alan Cranston
Will Black
16. Involved Dow chemicals which caused strange deformities to some living things in the area
Hemlock - Michigan
Payola
Cecil Jacobson
Watergate
17. 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
UCI fertility clinic case
American Continental Corporation
Will Black
Control fraud characteristics
18. 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.
Land flips
John McCain
White-collar crime
Will Black
19. 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
Jose Manaya
Corporate Fraud Bill of 2002
Orange County bankruptcy
Collective embezzlement
20. 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
Hemlock - Michigan
Japanese banking crisis/ characteristics
Fiduciary fraud
Cost of S & L scandal
21. 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
Jimmy Swaggart
Payola
White-collar crime
Ed Gray
22. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ivan Boesky
Multiple Employer Welfare Arrangements (MEWAs)
Corporate Fraud Bill of 2002
Nominee loans
23. A term used to describe unproven or fraudulent medical practices
Japanese banking crisis/ characteristics
Linked financing
Control fraud characteristics
Medical fraud
24. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Multiple Employer Welfare Arrangements (MEWAs)
White-collar crime
Multiple Employer Welfare Arrangements (MEWAs)
Occupational crime
25. 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
Control fraud characteristics
White-collar crime
ABSCAM
John Dean
26. 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
Charles Keating
American Continental Corporation
First Pension Corporation
Fiduciary fraud
27. 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
Medical fraud
Will Black
ABSCAM
Alan Cranston
28. 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
Sarbanes-Oxley Act
Iran-Contra Affair
Watergate
First Pension Corporation
29. 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
ABSCAM
John McCain
Health Maintenance Organization (HMO) characteristics
White-collar crime
30. A preacher who borrowed millions of the ministries dollars
Cost of S & L scandal
Jimmy Swaggart
Organizational crime
Cost of S & L scandal
31. 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
Land flips
Collective embezzlement
Charles Keating
32. 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
ABSCAM
Keating Five
Enron
Linked financing
33. Irvine. Miami
Control fraud characteristics
UCI fertility clinic case
Major locations of S & L fraud
Estrella
34. 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.
John McCain
John Dean
Linked financing
Money laundering
35. 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
American Continental Corporation
Land flips
Ivan Boesky
Corporate Fraud Bill of 2002
36. (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
Will Black
Cecil Jacobson
Computer crime - types
Jimmy Swaggart
37. Accepted money from Keating - one of the Keating 5
Health Maintenance Organization (HMO) characteristics
Cecil Jacobson
Money laundering
John McCain
38. 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.
Keating Five
Alan Cranston
Fiduciary fraud
Jimmy Swaggart
39. Has to do with medical fraud
Tightrope enforcement
Technological gridlock
Ivan Boesky
Will Black
40. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Cecil Jacobson
Cost of S & L scandal
Jimmy Swaggart
Land flips
41. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Watergate
Techniques of neutralization
Multiple Employer Welfare Arrangements (MEWAs)
Organizational crime
42. 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.
Mafiaboy
UCI fertility clinic case
Cecil Jacobson
Collective embezzlement
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.
Blue Wall of Silence
Iran-Contra Affair
Money laundering
Telecommunications and traditional enforcement strategies
44. 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.
Medical fraud
First Pension Corporation
Blue Wall of Silence
Money laundering
45. Around $100000000000
Ivan Boesky
Penny stocks
Cost of S & L scandal
Olga Romani
46. Accepted money from Keating - one of the Keating 5
John McCain
Insider trading
Tightrope enforcement
Organizational crime
47. The secrecy of police officers who lie or look the other way to protect other police officers
Blue Wall of Silence
Technological gridlock
Japanese banking crisis/ characteristics
Jose Manaya
48. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Land flips
Ponzi scheme
Ed Gray
Halcion
49. 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
Collective embezzlement
Penny stocks
John Dean
Watergate
50. Involves the stealing of company funds by top executives who often work in groups of two or more
Keating Five
American Continental Corporation
Hadacol
Collective embezzlement