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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
Jose Manaya
Enron
Money laundering
Insider trading
2. 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
Medicaid
Mafiaboy
Daisy chain
Blue Wall of Silence
3. Microcap stocks - that are often not required to file reports to the SEC
Penny stocks
Oliver North
Alan Cranston
Phoenician
4. 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.
Jose Manaya
Keating Five
Money laundering
Jimmy Swaggart
5. Were doctors charge extra for one session - unnecessary charges - and billing without an actual visit
Ponzi scheme
Payola
Medical abuse
Jimmy Swaggart
6. 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
Rely tampons
American Continental Corporation
Medical abuse
Nominee loans
7. 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.
Techniques of neutralization
Jose Manaya
Telecommunications and traditional enforcement strategies
Cecil Jacobson
8. 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
Orange County bankruptcy
Will Black
Japanese banking crisis/ characteristics
Phoenician
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
John Dean
Enron
Orange County bankruptcy
UCI fertility clinic case
10. A preacher who borrowed millions of the ministries dollars
Will Black
Fiduciary fraud
Health Maintenance Organization (HMO) characteristics
Jimmy Swaggart
11. 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
Halcion
'Corporation' film
Medical fraud
Keating Five
12. 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
White-collar crime
Phoenician
Organizational crime
Technological gridlock
13. 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
Penny stocks
Phoenician
Orange County bankruptcy
Health Maintenance Organization (HMO) characteristics
14. Accepted money from Keating - one of the Keating 5
John McCain
Techniques of neutralization
Mafiaboy
Mafiaboy
15. 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
Collective embezzlement
Control fraud characteristics
Iran-Contra Affair
Japanese banking crisis/ characteristics
16. 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.
Money laundering
Fiduciary fraud
Rely tampons
Linked financing
17. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Cecil Jacobson
Will Black
'Corporation' film
Olga Romani
18. 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
Collective embezzlement
American Continental Corporation
Medicaid
19. A former fertility doctor who used his own sperm to impregnate his patients - without informing them.(1980s)
Cecil Jacobson
Watergate
Rely tampons
Alan Cranston
20. Too much ownership or property - including intellectual property - creates gridlock that results in underutilization of property and stunting of innovation.
UCI fertility clinic case
Technological gridlock
Robert Citron
Medical fraud
21. Involves the stealing of company funds by top executives who often work in groups of two or more
Land flips
Fiduciary fraud
Collective embezzlement
Oliver North
22. The secrecy of police officers who lie or look the other way to protect other police officers
Enron
Daisy chain
Blue Wall of Silence
Major locations of S & L fraud
23. 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
Collective embezzlement
Tightrope enforcement
First Pension Corporation
24. Corporations are the same as psychos
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25. 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.'
Charles Keating
Hadacol
Estrella
Daisy chain
26. An opthalmologist Who was convicted in 1984 for unnecessary eye surgeries
White-collar crime
Major locations of S & L fraud
Jose Manaya
Keating Five
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
Collective embezzlement
Watergate
John McCain
Phoenician
28. 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.
Jose Manaya
Telecommunications and traditional enforcement strategies
UCI fertility clinic case
Hemlock - Michigan
29. Accepted money from Keating - one of the Keating 5
Enron
Tightrope enforcement
Tightrope enforcement
John McCain
30. Involves the stealing of company funds by top executives who often work in groups of two or more
Corporate Fraud Bill of 2002
Collective embezzlement
Occupational crime
Estrella
31. Former 2nd largest Medicaid provider in Florida - Who was arrested later for billing for services that were never preformed
Daisy chain
Occupational crime
ABSCAM
Olga Romani
32. Company with held some side effects to meet regulation - which led to physical problems for thousands
UCI fertility clinic case
Alan Cranston
Halcion
ABSCAM
33. A preacher who borrowed millions of the ministries dollars
Hadacol
Jimmy Swaggart
Keating Five
Japanese banking crisis/ characteristics
34. 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.
Organizational crime
John McCain
Technological gridlock
Will Black
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
Orange County bankruptcy
Computer crime - types
Rely tampons
John Dean
36. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Olga Romani
Telecommunications and traditional enforcement strategies
Oliver North
Occupational crime
37. Violations constitute a threat to the health of Americans and to the financial resources of the nation
Fiduciary fraud
Medicaid
Control fraud characteristics
Ponzi scheme
38. 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
Hemlock - Michigan
Major locations of S & L fraud
Phoenician
Mafiaboy
39. 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.
Rely tampons
Penny stocks
First Pension Corporation
Orange County bankruptcy
40. 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
Will Black
Control fraud characteristics
ABSCAM
41. 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
Charles Keating
Collective embezzlement
Tightrope enforcement
Fiduciary fraud
42. He was an investment broker who illegally manipulated the stock market and in the process redefined the crime of insider trading(1985)
Ponzi scheme
Occupational crime
Alan Cranston
Ivan Boesky
43. Investment operation that pays returns to investors out of the money paid by susequent investors - rather than profit.
Orange County bankruptcy
Jimmy Swaggart
Ponzi scheme
Fiduciary fraud
44. Has to do with medical fraud
Oliver North
Orange County bankruptcy
Alan Cranston
Tightrope enforcement
45. Trade jargon for bribes to promote certain records over the air
Payola
Collective embezzlement
Linked financing
Phoenician
46. Crime committed on behalf of an organization
Estrella
Organizational crime
Insider trading
Mafiaboy
47. Irvine. Miami
Fiduciary fraud
Daisy chain
Major locations of S & L fraud
American Continental Corporation
48. Around $100000000000
American Continental Corporation
Reciprocal lending agreements
Linked financing
Cost of S & L scandal
49. Any act punishable by law that is committed through opportunity created in the course of an occupation that is legal
Occupational crime
White-collar crime
Medicaid
Collective embezzlement
50. 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 $
Technological gridlock
John McCain
Phoenician
Daisy chain