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. Was the largest pension scam in American history - Ponzi scheme
Alan Cranston
Medicaid
First Pension Corporation
Telecommunications and traditional enforcement strategies
2. 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.
Medical fraud
Medical fraud
Linked financing
Penny stocks
3. 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
Estrella
Oliver North
Charles Keating
Enron
4. 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
Enron
Will Black
Collective embezzlement
5. Involved Dow chemicals which caused strange deformities to some living things in the area
Payola
Jimmy Swaggart
Hemlock - Michigan
Insider trading
6. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Ponzi scheme
Halcion
Daisy chain
Medical abuse
7. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Health Maintenance Organization (HMO) characteristics
Orange County bankruptcy
Enron
Ponzi scheme
8. 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
Corporate Fraud Bill of 2002
Ponzi scheme
Major locations of S & L fraud
9. 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.
Control fraud characteristics
ABSCAM
UCI fertility clinic case
Rely tampons
10. 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
Keating Five
Penny stocks
Oliver North
Linked financing
11. 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
Blue Wall of Silence
Estrella
Occupational crime
Sarbanes-Oxley Act
12. 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.'
Health Maintenance Organization (HMO) characteristics
Money laundering
UCI fertility clinic case
Hadacol
13. 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
White-collar crime
Sarbanes-Oxley Act
Oliver North
American Continental Corporation
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
Technological gridlock
Ed Gray
John Dean
Insider trading
15. 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
Sarbanes-Oxley Act
Charles Keating
Robert Citron
Phoenician
16. 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
Robert Citron
Mafiaboy
Hemlock - Michigan
Penny stocks
17. 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
Cost of S & L scandal
Techniques of neutralization
Cecil Jacobson
Mafiaboy
18. 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
Fiduciary fraud
Mafiaboy
Robert Citron
Watergate
19. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Olga Romani
Occupational crime
Robert Citron
Blue Wall of Silence
20. Accepted money from Keating - one of the Keating 5
Alan Cranston
Mafiaboy
Robert Citron
John McCain
21. Microcap stocks - that are often not required to file reports to the SEC
Penny stocks
Money laundering
Jose Manaya
Hadacol
22. 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.
Telecommunications and traditional enforcement strategies
Keating Five
Ivan Boesky
Linked financing
23. 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
Japanese banking crisis/ characteristics
Computer crime - types
24. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Money laundering
Phoenician
Cecil Jacobson
Cost of S & L scandal
25. Accepted money from Keating - one of the Keating 5
Charles Keating
John McCain
Mafiaboy
Collective embezzlement
26. 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
Estrella
Organizational crime
Halcion
Nominee loans
27. (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
Mafiaboy
Computer crime - types
Will Black
Jose Manaya
28. 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
Oliver North
Nominee loans
Control fraud characteristics
Money laundering
29. Company with held some side effects to meet regulation - which led to physical problems for thousands
Computer crime - types
Halcion
Penny stocks
Charles Keating
30. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
First Pension Corporation
Estrella
Will Black
Tightrope enforcement
31. 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
Orange County bankruptcy
Computer crime - types
Corporate Fraud Bill of 2002
Health Maintenance Organization (HMO) characteristics
32. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ivan Boesky
Olga Romani
Estrella
Phoenician
33. 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
John McCain
Jimmy Swaggart
Health Maintenance Organization (HMO) characteristics
Halcion
34. The secrecy of police officers who lie or look the other way to protect other police officers
Robert Citron
John Dean
Keating Five
Blue Wall of Silence
35. 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.'
Blue Wall of Silence
Hadacol
Jose Manaya
Control fraud characteristics
36. 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
Phoenician
Techniques of neutralization
Orange County bankruptcy
37. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Jimmy Swaggart
Multiple Employer Welfare Arrangements (MEWAs)
Olga Romani
Will Black
38. Has to do with medical fraud
Halcion
White-collar crime
Tightrope enforcement
Ivan Boesky
39. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Halcion
Jose Manaya
Orange County bankruptcy
Charles Keating
40. Around $100000000000
Cost of S & L scandal
Alan Cranston
Tightrope enforcement
Land flips
41. 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
Organizational crime
Olga Romani
Charles Keating
42. 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
American Continental Corporation
White-collar crime
Blue Wall of Silence
Sarbanes-Oxley Act
43. Keating's 2000-acre dream community - the single largest real estate venture of Lincoln
Daisy chain
White-collar crime
Watergate
Estrella
44. The secrecy of police officers who lie or look the other way to protect other police officers
Multiple Employer Welfare Arrangements (MEWAs)
Will Black
Blue Wall of Silence
Cecil Jacobson
45. 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
Sarbanes-Oxley Act
Technological gridlock
Fiduciary fraud
Techniques of neutralization
46. 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
John McCain
Hemlock - Michigan
UCI fertility clinic case
Keating Five
47. 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
Robert Citron
Land flips
Medical abuse
48. Around $100000000000
UCI fertility clinic case
Payola
Cost of S & L scandal
Computer crime - types
49. 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.
White-collar crime
Money laundering
Ed Gray
Japanese banking crisis/ characteristics
50. Corporations are the same as psychos