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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. 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
Fiduciary fraud
Telecommunications and traditional enforcement strategies
Halcion
Enron
2. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Medicaid
Sarbanes-Oxley Act
Charles Keating
Medical abuse
3. A preacher who borrowed millions of the ministries dollars
Jimmy Swaggart
Mafiaboy
Halcion
Sarbanes-Oxley Act
4. Crime committed on behalf of an organization
ABSCAM
Corporate Fraud Bill of 2002
Fiduciary fraud
Organizational crime
5. 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
Cecil Jacobson
Tightrope enforcement
Iran-Contra Affair
Enron
6. Around $100000000000
Health Maintenance Organization (HMO) characteristics
Cost of S & L scandal
Iran-Contra Affair
Telecommunications and traditional enforcement strategies
7. Company with held some side effects to meet regulation - which led to physical problems for thousands
Tightrope enforcement
Alan Cranston
Halcion
Olga Romani
8. 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
Iran-Contra Affair
Robert Citron
Will Black
9. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Medical abuse
Ivan Boesky
Penny stocks
'Corporation' film
10. 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
Collective embezzlement
Multiple Employer Welfare Arrangements (MEWAs)
Payola
11. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
Jose Manaya
UCI fertility clinic case
Tightrope enforcement
John Dean
12. 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.
Mafiaboy
Japanese banking crisis/ characteristics
Will Black
Money laundering
13. Involves the stealing of company funds by top executives who often work in groups of two or more
Ivan Boesky
Cecil Jacobson
Collective embezzlement
Halcion
14. 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
Telecommunications and traditional enforcement strategies
Ed Gray
Land flips
Blue Wall of Silence
15. 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
Linked financing
Alan Cranston
Will Black
Iran-Contra Affair
16. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Robert Citron
Multiple Employer Welfare Arrangements (MEWAs)
Hemlock - Michigan
Linked financing
17. 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
Estrella
Watergate
Corporate Fraud Bill of 2002
UCI fertility clinic case
18. 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 $
Medical fraud
Tightrope enforcement
Collective embezzlement
Daisy chain
19. 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.
Hadacol
Occupational crime
Control fraud characteristics
John Dean
20. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Olga Romani
Techniques of neutralization
Phoenician
Japanese banking crisis/ characteristics
21. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Occupational crime
Medical abuse
Olga Romani
Linked financing
22. Has to do with medical fraud
Hemlock - Michigan
John McCain
Tightrope enforcement
Olga Romani
23. 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
Insider trading
John McCain
Will Black
24. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
Technological gridlock
Phoenician
Medical fraud
Control fraud characteristics
25. 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
'Corporation' film
Charles Keating
Major locations of S & L fraud
Hemlock - Michigan
26. Corporations are the same as psychos
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27. 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
Telecommunications and traditional enforcement strategies
Watergate
Keating Five
Japanese banking crisis/ characteristics
28. Was the largest pension scam in American history - Ponzi scheme
Techniques of neutralization
First Pension Corporation
Sarbanes-Oxley Act
Ivan Boesky
29. 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
Fiduciary fraud
Alan Cranston
Technological gridlock
Medical fraud
30. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Occupational crime
Sarbanes-Oxley Act
Ponzi scheme
Ivan Boesky
31. Corporations are the same as psychos
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32. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Multiple Employer Welfare Arrangements (MEWAs)
John Dean
Medical abuse
White-collar crime
33. 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
Computer crime - types
Phoenician
ABSCAM
Keating Five
34. 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
Charles Keating
Payola
Mafiaboy
Nominee loans
35. (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
Keating Five
Iran-Contra Affair
Computer crime - types
Multiple Employer Welfare Arrangements (MEWAs)
36. Has to do with medical fraud
Tightrope enforcement
Orange County bankruptcy
Estrella
Daisy chain
37. Accepted money from Keating - one of the Keating 5
Computer crime - types
Land flips
John McCain
Tightrope enforcement
38. Accepted money from Keating - one of the Keating 5
Fiduciary fraud
John McCain
Technological gridlock
Computer crime - types
39. The secrecy of police officers who lie or look the other way to protect other police officers
Medical abuse
Blue Wall of Silence
Charles Keating
Multiple Employer Welfare Arrangements (MEWAs)
40. 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
Techniques of neutralization
Enron
Linked financing
Keating Five
41. 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
Tightrope enforcement
White-collar crime
Major locations of S & L fraud
Rely tampons
42. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Techniques of neutralization
Medical fraud
Ivan Boesky
Medical abuse
43. Involves the stealing of company funds by top executives who often work in groups of two or more
Collective embezzlement
Oliver North
Robert Citron
Enron
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.
Japanese banking crisis/ characteristics
Money laundering
Cecil Jacobson
Health Maintenance Organization (HMO) characteristics
45. 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
Penny stocks
Nominee loans
Fiduciary fraud
Rely tampons
46. 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.
Watergate
Linked financing
Fiduciary fraud
White-collar crime
47. 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
Cecil Jacobson
Estrella
Corporate Fraud Bill of 2002
John McCain
48. 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
Phoenician
Occupational crime
ABSCAM
Alan Cranston
49. 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
Ivan Boesky
Olga Romani
50. 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
Corporate Fraud Bill of 2002
Medical abuse
UCI fertility clinic case