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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. Crime committed on behalf of an organization
Keating Five
Organizational crime
Health Maintenance Organization (HMO) characteristics
John Dean
2. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Medicaid
Health Maintenance Organization (HMO) characteristics
Payola
Health Maintenance Organization (HMO) characteristics
3. Trade jargon for bribes to promote certain records over the air
Orange County bankruptcy
John McCain
Keating Five
Payola
4. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Ed Gray
Major locations of S & L fraud
Ponzi scheme
Control fraud characteristics
5. 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.
Rely tampons
John Dean
Medicaid
Watergate
6. 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.
UCI fertility clinic case
Jose Manaya
Fiduciary fraud
Payola
7. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
American Continental Corporation
Occupational crime
Cost of S & L scandal
Mafiaboy
8. 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
Control fraud characteristics
Payola
Nominee loans
Watergate
9. 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
Corporate Fraud Bill of 2002
Iran-Contra Affair
Will Black
Charles Keating
10. 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
Computer crime - types
Multiple Employer Welfare Arrangements (MEWAs)
Oliver North
Charles Keating
11. 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
Japanese banking crisis/ characteristics
Iran-Contra Affair
Fiduciary fraud
Ed Gray
12. 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
Orange County bankruptcy
ABSCAM
Jimmy Swaggart
13. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Cecil Jacobson
Will Black
'Corporation' film
Insider trading
14. 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.
Sarbanes-Oxley Act
Fiduciary fraud
Telecommunications and traditional enforcement strategies
Blue Wall of Silence
15. Involved Dow chemicals which caused strange deformities to some living things in the area
Land flips
Hemlock - Michigan
Ed Gray
Computer crime - types
16. A preacher who borrowed millions of the ministries dollars
Medical abuse
Orange County bankruptcy
Jimmy Swaggart
Money laundering
17. 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 $
Telecommunications and traditional enforcement strategies
Daisy chain
Reciprocal lending agreements
Jimmy Swaggart
18. Trade jargon for bribes to promote certain records over the air
Telecommunications and traditional enforcement strategies
Corporate Fraud Bill of 2002
Payola
Phoenician
19. 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 $
Rely tampons
Estrella
Nominee loans
Daisy chain
20. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Hadacol
Ponzi scheme
Multiple Employer Welfare Arrangements (MEWAs)
Organizational crime
21. 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
Linked financing
Tightrope enforcement
Orange County bankruptcy
Technological gridlock
22. The secrecy of police officers who lie or look the other way to protect other police officers
Computer crime - types
Halcion
Major locations of S & L fraud
Blue Wall of Silence
23. 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
Enron
Corporate Fraud Bill of 2002
Collective embezzlement
Charles Keating
24. 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.
Linked financing
Ed Gray
Hadacol
Rely tampons
25. 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
Rely tampons
Charles Keating
Phoenician
Enron
26. Was the largest pension scam in American history - Ponzi scheme
First Pension Corporation
Halcion
Organizational crime
White-collar crime
27. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ivan Boesky
Health Maintenance Organization (HMO) characteristics
Medical fraud
Oliver North
28. 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
Enron
Ivan Boesky
Health Maintenance Organization (HMO) characteristics
Sarbanes-Oxley Act
29. 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.
Halcion
Ponzi scheme
Collective embezzlement
Will Black
30. Has to do with medical fraud
Olga Romani
Tightrope enforcement
Cecil Jacobson
Major locations of S & L fraud
31. 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
'Corporation' film
Keating Five
Ivan Boesky
Major locations of S & L fraud
32. Crime committed on behalf of an organization
Control fraud characteristics
Cost of S & L scandal
Organizational crime
Oliver North
33. 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
White-collar crime
Estrella
Corporate Fraud Bill of 2002
Japanese banking crisis/ characteristics
34. 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
Tightrope enforcement
Fiduciary fraud
Organizational crime
Charles Keating
35. 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
Orange County bankruptcy
White-collar crime
Sarbanes-Oxley Act
'Corporation' film
36. 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
Nominee loans
Reciprocal lending agreements
Medical abuse
John Dean
37. Microcap stocks - that are often not required to file reports to the SEC
Alan Cranston
White-collar crime
Will Black
Penny stocks
38. 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
John Dean
Sarbanes-Oxley Act
UCI fertility clinic case
39. 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
American Continental Corporation
Halcion
Insider trading
ABSCAM
40. Accepted money from Keating - one of the Keating 5
Payola
John McCain
Insider trading
Enron
41. Around $100000000000
Cost of S & L scandal
Nominee loans
Medical abuse
Ponzi scheme
42. 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
Jimmy Swaggart
Iran-Contra Affair
Hadacol
43. A preacher who borrowed millions of the ministries dollars
Iran-Contra Affair
Computer crime - types
Jimmy Swaggart
Control fraud characteristics
44. 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
Linked financing
Major locations of S & L fraud
Nominee loans
Jimmy Swaggart
45. 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
Money laundering
Enron
Cost of S & L scandal
Watergate
46. 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
Techniques of neutralization
Health Maintenance Organization (HMO) characteristics
Mafiaboy
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
Orange County bankruptcy
Keating Five
Medical fraud
Robert Citron
48. 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.
Computer crime - types
Corporate Fraud Bill of 2002
Ivan Boesky
Linked financing
49. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Computer crime - types
Medical abuse
Occupational crime
Ivan Boesky
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
Olga Romani
Health Maintenance Organization (HMO) characteristics
White-collar crime
Orange County bankruptcy