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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. 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
Estrella
Jose Manaya
Japanese banking crisis/ characteristics
John McCain
2. 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
Payola
John Dean
Phoenician
Keating Five
3. Corporations are the same as psychos
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4. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Robert Citron
Medicaid
Penny stocks
Enron
5. Was the largest pension scam in American history - Ponzi scheme
Corporate Fraud Bill of 2002
Fiduciary fraud
First Pension Corporation
Reciprocal lending agreements
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.
Tightrope enforcement
Payola
'Corporation' film
Rely tampons
7. The secrecy of police officers who lie or look the other way to protect other police officers
Estrella
Payola
Blue Wall of Silence
Reciprocal lending agreements
8. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Jimmy Swaggart
Tightrope enforcement
Control fraud characteristics
Ponzi scheme
9. Violations constitute a threat to the health of Americans and to the financial resources of the nation
'Corporation' film
Rely tampons
Blue Wall of Silence
Medicaid
10. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Robert Citron
Charles Keating
Orange County bankruptcy
Occupational crime
11. 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
Watergate
First Pension Corporation
Mafiaboy
Cecil Jacobson
12. Involved Dow chemicals which caused strange deformities to some living things in the area
Hemlock - Michigan
Ponzi scheme
UCI fertility clinic case
Multiple Employer Welfare Arrangements (MEWAs)
13. 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
Ponzi scheme
Rely tampons
ABSCAM
Jimmy Swaggart
14. 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
Charles Keating
Keating Five
Enron
15. 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
Jose Manaya
Multiple Employer Welfare Arrangements (MEWAs)
John McCain
16. 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
Jose Manaya
Land flips
Cost of S & L scandal
17. 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
Nominee loans
Estrella
Land flips
Medical abuse
18. 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
Control fraud characteristics
Jimmy Swaggart
UCI fertility clinic case
Reciprocal lending agreements
19. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ivan Boesky
Collective embezzlement
Will Black
Phoenician
20. Explanations given by people as a way of rationalizing their deviant/criminal behavior
Techniques of neutralization
Cecil Jacobson
Blue Wall of Silence
Tightrope enforcement
21. 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
Health Maintenance Organization (HMO) characteristics
Rely tampons
Cecil Jacobson
Nominee loans
22. 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
Jimmy Swaggart
ABSCAM
Japanese banking crisis/ characteristics
23. A preacher who borrowed millions of the ministries dollars
Daisy chain
Jimmy Swaggart
Insider trading
First Pension Corporation
24. 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
Linked financing
Phoenician
Cost of S & L scandal
Multiple Employer Welfare Arrangements (MEWAs)
25. 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
Olga Romani
Medicaid
Robert Citron
Mafiaboy
26. Described as 'multiple employer trusts' or 'METs -' as vehicles for marketing health and welfare benefits to employers for their employees.
Estrella
Multiple Employer Welfare Arrangements (MEWAs)
Nominee loans
Orange County bankruptcy
27. 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
Nominee loans
John Dean
Computer crime - types
Orange County bankruptcy
28. 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
Japanese banking crisis/ characteristics
Control fraud characteristics
ABSCAM
Ivan Boesky
29. Accepted money from Keating - one of the Keating 5
Hadacol
Collective embezzlement
Rely tampons
John McCain
30. Around $100000000000
Cost of S & L scandal
Collective embezzlement
Orange County bankruptcy
Keating Five
31. Irvine. Miami
Telecommunications and traditional enforcement strategies
Payola
'Corporation' film
Major locations of S & L fraud
32. 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
Tightrope enforcement
Organizational crime
Money laundering
Reciprocal lending agreements
33. 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.
Medicaid
Jose Manaya
UCI fertility clinic case
Corporate Fraud Bill of 2002
34. Accepted money from Keating - one of the Keating 5
'Corporation' film
Telecommunications and traditional enforcement strategies
John McCain
Alan Cranston
35. A term used to describe unproven or fraudulent medical practices
Payola
Ponzi scheme
Medical fraud
Hadacol
36. 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
Watergate
Ed Gray
Ivan Boesky
Cecil Jacobson
37. 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
Medical fraud
Alan Cranston
Medicaid
38. 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
Collective embezzlement
White-collar crime
Sarbanes-Oxley Act
Payola
39. Company with held some side effects to meet regulation - which led to physical problems for thousands
Robert Citron
Daisy chain
Cost of S & L scandal
Halcion
40. A term used to describe unproven or fraudulent medical practices
Medical fraud
Oliver North
Organizational crime
Fiduciary fraud
41. Involves the stealing of company funds by top executives who often work in groups of two or more
Blue Wall of Silence
Hadacol
Technological gridlock
Collective embezzlement
42. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Alan Cranston
Daisy chain
Ponzi scheme
Payola
43. 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.
Jose Manaya
Linked financing
ABSCAM
Iran-Contra Affair
44. 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
'Corporation' film
Linked financing
Health Maintenance Organization (HMO) characteristics
Insider trading
45. (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
John Dean
Ivan Boesky
John McCain
46. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Major locations of S & L fraud
Olga Romani
Cecil Jacobson
Payola
47. 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
Rely tampons
Estrella
Nominee loans
Robert Citron
48. The secrecy of police officers who lie or look the other way to protect other police officers
Blue Wall of Silence
UCI fertility clinic case
Keating Five
Telecommunications and traditional enforcement strategies
49. 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
Sarbanes-Oxley Act
Enron
American Continental Corporation
Control fraud characteristics
50. 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
White-collar crime
Health Maintenance Organization (HMO) characteristics
Halcion
Alan Cranston