SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. 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
Cecil Jacobson
Ponzi scheme
American Continental Corporation
2. 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
Rely tampons
Medical abuse
Land flips
Nominee loans
3. 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
Medicaid
Cost of S & L scandal
Nominee loans
Land flips
4. 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
Jimmy Swaggart
Will Black
Daisy chain
5. 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
ABSCAM
Cost of S & L scandal
Major locations of S & L fraud
Tightrope enforcement
6. 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.
American Continental Corporation
Medical fraud
Rely tampons
Robert Citron
7. 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.'
Tightrope enforcement
Sarbanes-Oxley Act
Cecil Jacobson
Hadacol
8. Involved Dow chemicals which caused strange deformities to some living things in the area
Health Maintenance Organization (HMO) characteristics
ABSCAM
Watergate
Hemlock - Michigan
9. 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
Tightrope enforcement
Enron
Will Black
Estrella
10. 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
Tightrope enforcement
Computer crime - types
American Continental Corporation
Organizational crime
11. 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
Medical fraud
Ivan Boesky
Fiduciary fraud
12. Involves the stealing of company funds by top executives who often work in groups of two or more
Collective embezzlement
John Dean
Rely tampons
Health Maintenance Organization (HMO) characteristics
13. 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
Money laundering
Estrella
Keating Five
Rely tampons
14. Corporations are the same as psychos
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
15. 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
Nominee loans
Olga Romani
Money laundering
16. The secrecy of police officers who lie or look the other way to protect other police officers
Control fraud characteristics
Jose Manaya
Blue Wall of Silence
Linked financing
17. 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
Fiduciary fraud
Techniques of neutralization
Halcion
18. 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
John McCain
Techniques of neutralization
Orange County bankruptcy
Reciprocal lending agreements
19. 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.
Oliver North
Orange County bankruptcy
Will Black
Technological gridlock
20. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Olga Romani
Major locations of S & L fraud
American Continental Corporation
Cost of S & L scandal
21. 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
Alan Cranston
Corporate Fraud Bill of 2002
Insider trading
Occupational crime
22. 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
'Corporation' film
Collective embezzlement
Alan Cranston
23. 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
Ponzi scheme
Payola
Robert Citron
Charles Keating
24. Accepted money from Keating - one of the Keating 5
John McCain
Health Maintenance Organization (HMO) characteristics
White-collar crime
Iran-Contra Affair
25. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Phoenician
Linked financing
Technological gridlock
Oliver North
26. 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
Japanese banking crisis/ characteristics
Sarbanes-Oxley Act
Medicaid
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.
Jimmy Swaggart
Orange County bankruptcy
Will Black
John Dean
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
Watergate
Penny stocks
Alan Cranston
Occupational crime
29. 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.
UCI fertility clinic case
Daisy chain
Ponzi scheme
Halcion
30. 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.'
Robert Citron
American Continental Corporation
Charles Keating
Hadacol
31. Irvine. Miami
Major locations of S & L fraud
Money laundering
Telecommunications and traditional enforcement strategies
Jimmy Swaggart
32. 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 $
Payola
Enron
Ivan Boesky
Daisy chain
33. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
John McCain
Sarbanes-Oxley Act
Orange County bankruptcy
Jose Manaya
34. 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
Robert Citron
John Dean
UCI fertility clinic case
35. 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
Will Black
Jimmy Swaggart
Enron
Organizational crime
36. 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
Oliver North
Medicaid
Insider trading
Money laundering
37. 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
Robert Citron
Mafiaboy
Nominee loans
Land flips
38. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Technological gridlock
Watergate
Telecommunications and traditional enforcement strategies
Medicaid
39. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Telecommunications and traditional enforcement strategies
Olga Romani
Robert Citron
Watergate
40. 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
Major locations of S & L fraud
Technological gridlock
Techniques of neutralization
Iran-Contra Affair
41. Around $100000000000
Cost of S & L scandal
Health Maintenance Organization (HMO) characteristics
Insider trading
Charles Keating
42. 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
Medical fraud
Techniques of neutralization
ABSCAM
43. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Cecil Jacobson
Technological gridlock
Daisy chain
Halcion
44. Crime committed on behalf of an organization
Daisy chain
Linked financing
Watergate
Organizational crime
45. Involved Dow chemicals which caused strange deformities to some living things in the area
Japanese banking crisis/ characteristics
Hemlock - Michigan
Land flips
Insider trading
46. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Japanese banking crisis/ characteristics
Cecil Jacobson
Hemlock - Michigan
Robert Citron
47. Company with held some side effects to meet regulation - which led to physical problems for thousands
Ponzi scheme
American Continental Corporation
Halcion
Japanese banking crisis/ characteristics
48. Around $100000000000
American Continental Corporation
Cost of S & L scandal
Ed Gray
Hadacol
49. 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
Cecil Jacobson
Health Maintenance Organization (HMO) characteristics
Rely tampons
50. 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
Jimmy Swaggart
Alan Cranston
Health Maintenance Organization (HMO) characteristics