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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. Accepted money from Keating - one of the Keating 5
John McCain
Enron
Keating Five
Mafiaboy
2. 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
First Pension Corporation
Ed Gray
First Pension Corporation
3. The secrecy of police officers who lie or look the other way to protect other police officers
Blue Wall of Silence
Payola
Collective embezzlement
ABSCAM
4. 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
Money laundering
White-collar crime
Japanese banking crisis/ characteristics
Enron
5. Around $100000000000
Major locations of S & L fraud
Daisy chain
Medical fraud
Cost of S & L scandal
6. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Techniques of neutralization
John Dean
Medical abuse
ABSCAM
7. Was the largest pension scam in American history - Ponzi scheme
Corporate Fraud Bill of 2002
Daisy chain
Nominee loans
First Pension Corporation
8. Was the largest pension scam in American history - Ponzi scheme
Phoenician
Nominee loans
First Pension Corporation
John Dean
9. 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.
Organizational crime
Rely tampons
ABSCAM
Robert Citron
10. Involved Dow chemicals which caused strange deformities to some living things in the area
Alan Cranston
American Continental Corporation
Hemlock - Michigan
Techniques of neutralization
11. 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.
Payola
Charles Keating
Linked financing
Tightrope enforcement
12. 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
Watergate
Rely tampons
Insider trading
Robert Citron
13. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Fiduciary fraud
Occupational crime
John Dean
Hadacol
14. 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
Ed Gray
Enron
Collective embezzlement
Techniques of neutralization
15. 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.
Major locations of S & L fraud
Nominee loans
Will Black
Control fraud characteristics
16. 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
Phoenician
Medicaid
Land flips
Sarbanes-Oxley Act
17. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Cecil Jacobson
Ivan Boesky
Ponzi scheme
Keating Five
18. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Organizational crime
Health Maintenance Organization (HMO) characteristics
Jose Manaya
American Continental Corporation
19. Has to do with medical fraud
John McCain
Tightrope enforcement
Organizational crime
Robert Citron
20. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Ed Gray
Multiple Employer Welfare Arrangements (MEWAs)
Ponzi scheme
First Pension Corporation
21. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Hadacol
Land flips
Multiple Employer Welfare Arrangements (MEWAs)
Robert Citron
22. 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
'Corporation' film
Telecommunications and traditional enforcement strategies
Hemlock - Michigan
Land flips
23. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ivan Boesky
Keating Five
Charles Keating
'Corporation' film
24. Has to do with medical fraud
Tightrope enforcement
Medicaid
Occupational crime
Money laundering
25. 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.
Hadacol
Estrella
Mafiaboy
Telecommunications and traditional enforcement strategies
26. 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
Payola
Sarbanes-Oxley Act
Iran-Contra Affair
Charles Keating
27. 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.
Collective embezzlement
Hemlock - Michigan
Hemlock - Michigan
John Dean
28. 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
Oliver North
Alan Cranston
Collective embezzlement
29. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
American Continental Corporation
Jose Manaya
Techniques of neutralization
Ivan Boesky
30. 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
Jimmy Swaggart
Watergate
Linked financing
Medical fraud
31. 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
Ivan Boesky
Daisy chain
Robert Citron
Nominee loans
32. 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
Hadacol
Techniques of neutralization
Keating Five
First Pension Corporation
33. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Technological gridlock
Daisy chain
Halcion
Estrella
34. Involves the stealing of company funds by top executives who often work in groups of two or more
Medical abuse
Keating Five
Collective embezzlement
Will Black
35. A preacher who borrowed millions of the ministries dollars
Fiduciary fraud
American Continental Corporation
Jimmy Swaggart
Watergate
36. 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
Control fraud characteristics
Payola
Insider trading
Oliver North
37. A preacher who borrowed millions of the ministries dollars
Corporate Fraud Bill of 2002
Reciprocal lending agreements
Jimmy Swaggart
'Corporation' film
38. 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.
Rely tampons
Jose Manaya
Robert Citron
Will Black
39. 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
Organizational crime
Alan Cranston
Nominee loans
Health Maintenance Organization (HMO) characteristics
40. 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.
Techniques of neutralization
Phoenician
Occupational crime
Rely tampons
41. 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 $
Blue Wall of Silence
Jose Manaya
Medical abuse
Daisy chain
42. 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
UCI fertility clinic case
Jose Manaya
Enron
Corporate Fraud Bill of 2002
43. 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
Occupational crime
Multiple Employer Welfare Arrangements (MEWAs)
White-collar crime
Keating Five
44. Corporations are the same as psychos
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45. 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
Hemlock - Michigan
Oliver North
Daisy chain
Enron
46. Crime committed on behalf of an organization
Occupational crime
Organizational crime
Multiple Employer Welfare Arrangements (MEWAs)
Japanese banking crisis/ characteristics
47. (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
UCI fertility clinic case
Major locations of S & L fraud
ABSCAM
48. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Hadacol
Ponzi scheme
Alan Cranston
Sarbanes-Oxley Act
49. 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
White-collar crime
Phoenician
Ponzi scheme
50. 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
Insider trading
Collective embezzlement
Mafiaboy
Watergate