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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. 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.
Money laundering
Iran-Contra Affair
Phoenician
UCI fertility clinic case
2. 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 $
Daisy chain
Collective embezzlement
Reciprocal lending agreements
Robert Citron
3. 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
Control fraud characteristics
Payola
Olga Romani
4. (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
Phoenician
Orange County bankruptcy
Hemlock - Michigan
5. A preacher who borrowed millions of the ministries dollars
Occupational crime
Cost of S & L scandal
Jimmy Swaggart
Cecil Jacobson
6. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Hemlock - Michigan
Ed Gray
American Continental Corporation
Ponzi scheme
7. 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
Cecil Jacobson
Blue Wall of Silence
Alan Cranston
First Pension Corporation
8. Corporations are the same as psychos
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9. 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
Charles Keating
Health Maintenance Organization (HMO) characteristics
Corporate Fraud Bill of 2002
ABSCAM
10. 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
Hadacol
Ponzi scheme
Charles Keating
Blue Wall of Silence
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
Reciprocal lending agreements
Alan Cranston
Orange County bankruptcy
Nominee loans
12. Crime committed on behalf of an organization
Organizational crime
Occupational crime
Sarbanes-Oxley Act
Mafiaboy
13. Has to do with medical fraud
Tightrope enforcement
Techniques of neutralization
Telecommunications and traditional enforcement strategies
Computer crime - types
14. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Rely tampons
Olga Romani
Daisy chain
Keating Five
15. 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
Jose Manaya
Watergate
Cecil Jacobson
Major locations of S & L fraud
16. 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
Japanese banking crisis/ characteristics
Money laundering
Collective embezzlement
17. Company with held some side effects to meet regulation - which led to physical problems for thousands
'Corporation' film
Halcion
Reciprocal lending agreements
Penny stocks
18. Violations constitute a threat to the health of Americans and to the financial resources of the nation
John Dean
Medicaid
John Dean
Ivan Boesky
19. Around $100000000000
Cost of S & L scandal
Techniques of neutralization
Oliver North
Money laundering
20. 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
Blue Wall of Silence
Hemlock - Michigan
Tightrope enforcement
Orange County bankruptcy
21. A preacher who borrowed millions of the ministries dollars
Jimmy Swaggart
Blue Wall of Silence
Corporate Fraud Bill of 2002
Jose Manaya
22. 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.
Sarbanes-Oxley Act
Fiduciary fraud
Hemlock - Michigan
Jose Manaya
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 $
Daisy chain
Japanese banking crisis/ characteristics
Ponzi scheme
Telecommunications and traditional enforcement strategies
24. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Collective embezzlement
Ponzi scheme
Major locations of S & L fraud
Telecommunications and traditional enforcement strategies
25. Has to do with medical fraud
Penny stocks
Tightrope enforcement
Keating Five
Major locations of S & L fraud
26. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Cost of S & L scandal
Iran-Contra Affair
Charles Keating
Technological gridlock
27. 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.
Cost of S & L scandal
Linked financing
Ponzi scheme
Control fraud characteristics
28. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Fiduciary fraud
Money laundering
Jose Manaya
Linked financing
29. 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.'
Charles Keating
Hadacol
Oliver North
Charles Keating
30. Involved Dow chemicals which caused strange deformities to some living things in the area
John McCain
Hemlock - Michigan
Linked financing
Jimmy Swaggart
31. The secrecy of police officers who lie or look the other way to protect other police officers
Tightrope enforcement
Money laundering
Control fraud characteristics
Blue Wall of Silence
32. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Charles Keating
Medical abuse
Corporate Fraud Bill of 2002
ABSCAM
33. Accepted money from Keating - one of the Keating 5
Health Maintenance Organization (HMO) characteristics
John Dean
Medical abuse
John McCain
34. 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
Oliver North
Phoenician
Will Black
UCI fertility clinic case
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
Major locations of S & L fraud
Insider trading
Japanese banking crisis/ characteristics
Computer crime - types
36. Microcap stocks - that are often not required to file reports to the SEC
Watergate
Computer crime - types
Penny stocks
John Dean
37. 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
First Pension Corporation
Orange County bankruptcy
Hemlock - Michigan
Ivan Boesky
38. Irvine. Miami
Alan Cranston
Watergate
Major locations of S & L fraud
Robert Citron
39. Trade jargon for bribes to promote certain records over the air
Payola
Multiple Employer Welfare Arrangements (MEWAs)
UCI fertility clinic case
Major locations of S & L fraud
40. 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
Phoenician
Will Black
Telecommunications and traditional enforcement strategies
First Pension Corporation
41. Accepted money from Keating - one of the Keating 5
First Pension Corporation
Medicaid
John McCain
ABSCAM
42. 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
Reciprocal lending agreements
Daisy chain
Medical fraud
43. 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
Major locations of S & L fraud
ABSCAM
Occupational crime
44. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Jose Manaya
Iran-Contra Affair
Fiduciary fraud
Techniques of neutralization
45. 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
Occupational crime
Charles Keating
Cost of S & L scandal
Reciprocal lending agreements
46. 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
Mafiaboy
Fiduciary fraud
Payola
Ivan Boesky
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
Major locations of S & L fraud
Computer crime - types
Estrella
First Pension Corporation
48. 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.
Insider trading
Blue Wall of Silence
Money laundering
Orange County bankruptcy
49. 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
Telecommunications and traditional enforcement strategies
Occupational crime
Enron
Telecommunications and traditional enforcement strategies
50. 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
Will Black
Land flips
Hadacol
Cecil Jacobson