Question 1

Financial institutions can include all of the following except:

Accepted Answer

A) pensions. 
B) check-cashing companies. 
C) financial service companies. 
D) banks. 
A) pensions. 
B) check-cashing companies. 
C) financial service companies. 
D) banks. B

Question 2

The insurance industry is largely regulated by individual ________________.

Accepted Answer

states

Question 3

Financial institutions, because they handle other people's money, all have one thing in common: the public needs to be able to ______________ them.

Accepted Answer

A) trust 
B) invest in 
C) investigate 
D) find 
A) trust 
B) invest in 
C) investigate 
D) find A

Question 4

________________ loans involve loans on real estate to borrowers that do not exist or are not in fact the real borrowers.

Accepted Answer

The answer of ________________ loans involve loans on real estate...

Question 5

How are offshore entities used in committing financial fraud? Provide examples.

Accepted Answer

Offshore entities are often protected by

Question 6

Reciprocal lending involves loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans.

Accepted Answer

A) True 
 B)False

Question 7

The term "offshore" means:

Accepted Answer

A) a company based outside the continental United States. 
B) a company located in a fictitious country. 
C) a location in a place other than the United States. 
D) a company located in a United States territory but not in one of the 50 states. 
A) a company based outside the continental United States. 
B) a company located in a fictitious country. 
C) a location in a place other than the United States. 
D) a company located in a United States territory but not in one of the 50 states.

Question 8

The biggest losers in the Institutional Treasury Management case was ________________.

Accepted Answer

The answer of The biggest losers in the Institutional Treasury...

Question 9

The traditional crime of embezzlement by lower-level employees has become overshadowed by concerns with upper-level management mismanaging and looting their own companies.

Accepted Answer

A) True 
 B)False

Question 10

______________ involve(s) loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans.

Accepted Answer

A) Land flips 
B) Linked financing 
C) Reciprocal lending 
D) Nominee loans 
A) Land flips 
B) Linked financing 
C) Reciprocal lending 
D) Nominee loans

Question 11

One of the most callous forms of white-collar predication entails the looting of money from retirees and workers who have deposited their savings in pension funds.

Accepted Answer

A) True 
 B)False

Question 12

An example of premium diversion would be using premiums collected to pay claims.

Accepted Answer

A) True 
 B)False

Question 13

Insider thrift fraud took all of the following forms except:

Accepted Answer

A) desperation dealing. 
B) borrowing up. 
C) covering up. 
D) collective embezzlement. 
A) desperation dealing. 
B) borrowing up. 
C) covering up. 
D) collective embezzlement.

Question 14

When it comes to the insurance industry, the public is in most danger from:

Accepted Answer

A) customers who make false claims. 
B) the state's failure to pay claims out of its guaranty fund. 
C) unscrupulous insurance companies. 
D) states who let insurers raise premiums. 
A) customers who make false claims. 
B) the state's failure to pay claims out of its guaranty fund. 
C) unscrupulous insurance companies. 
D) states who let insurers raise premiums.

Question 15

First Pension went so far as to ______________ to fool an employee who questioned company investments.

Accepted Answer

A) hire an actress to impersonate an auditor 
B) recruit investors to lie to regulators 
C) present false trust deeds to auditors 
D) produce fake company records showing the profitability of the investments 
A) hire an actress to impersonate an auditor 
B) recruit investors to lie to regulators 
C) present false trust deeds to auditors 
D) produce fake company records showing the profitability of the investments

Question 16

______________ refers to loans conditioned on receipts of deposits. The loan then goes into default and deposits can be withdrawn.

Accepted Answer

A) Land flips 
B) Reciprocal lending 
C) Linked financing 
D) Nominee loans 
A) Land flips 
B) Reciprocal lending 
C) Linked financing 
D) Nominee loans

Question 17

Outsider thrift frauds primarily involved all of the following except:

Accepted Answer

A) appraisers. 
B) accountants. 
C) lawyers. 
D) bank examiners. 
A) appraisers. 
B) accountants. 
C) lawyers. 
D) bank examiners.

Question 18

Deviance in the savings and loan industry is an example of the organization being both victim and perpetrator.

Accepted Answer

A) True 
 B)False

Question 19

Alan Teale, in his varied insurance schemes, sold disability policies to professional athletes and liability policies to high-school athletic programs.

Accepted Answer

A) True 
 B)False

Question 20

The term ________________ refers to a location in a place other than the United States.

Accepted Answer

The answer of The term ________________ refers to a location...

Financial institutions can include all of the following except:

The insurance industry is largely regulated by individual ________________.

Financial institutions, because they handle other people's money, all have one thing in common: the public needs to be able to ______________ them.

________________ loans involve loans on real estate to borrowers that do not exist or are not in fact the real borrowers.

How are offshore entities used in committing financial fraud? Provide examples.

Reciprocal lending involves loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans.

The term "offshore" means:

The biggest losers in the Institutional Treasury Management case was ________________.

The traditional crime of embezzlement by lower-level employees has become overshadowed by concerns with upper-level management mismanaging and looting their own companies.

______________ involve(s) loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans.

One of the most callous forms of white-collar predication entails the looting of money from retirees and workers who have deposited their savings in pension funds.

An example of premium diversion would be using premiums collected to pay claims.

Insider thrift fraud took all of the following forms except:

When it comes to the insurance industry, the public is in most danger from:

First Pension went so far as to ______________ to fool an employee who questioned company investments.

______________ refers to loans conditioned on receipts of deposits. The loan then goes into default and deposits can be withdrawn.

Outsider thrift frauds primarily involved all of the following except:

Deviance in the savings and loan industry is an example of the organization being both victim and perpetrator.

Alan Teale, in his varied insurance schemes, sold disability policies to professional athletes and liability policies to high-school athletic programs.

The term ________________ refers to a location in a place other than the United States.

Introduction

Crimes Against Consumers

Unsafe Products

Environmental Crime

Institutional Corruption: Mass Media and Religion

Securities Fraud

Corporate Fraud

Crimes by the Government

Corruption of Public Officials

Medical Crime

Computer Crime

Conclusions

Filters

Exam 8: Fiduciary Fraud

Financial institutions can include all of the following except:

The insurance industry is largely regulated by individual ________________.

Financial institutions, because they handle other people's money, all have one thing in common: the public needs to be able to ______________ them.

________________ loans involve loans on real estate to borrowers that do not exist or are not in fact the real borrowers.

How are offshore entities used in committing financial fraud? Provide examples.

Reciprocal lending involves loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans.

The term "offshore" means:

The biggest losers in the Institutional Treasury Management case was ________________.

The traditional crime of embezzlement by lower-level employees has become overshadowed by concerns with upper-level management mismanaging and looting their own companies.

______________ involve(s) loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans.

One of the most callous forms of white-collar predication entails the looting of money from retirees and workers who have deposited their savings in pension funds.

An example of premium diversion would be using premiums collected to pay claims.

Insider thrift fraud took all of the following forms except:

When it comes to the insurance industry, the public is in most danger from:

First Pension went so far as to ______________ to fool an employee who questioned company investments.

______________ refers to loans conditioned on receipts of deposits. The loan then goes into default and deposits can be withdrawn.

Outsider thrift frauds primarily involved all of the following except:

Deviance in the savings and loan industry is an example of the organization being both victim and perpetrator.

Alan Teale, in his varied insurance schemes, sold disability policies to professional athletes and liability policies to high-school athletic programs.

The term ________________ refers to a location in a place other than the United States.

Introduction

Crimes Against Consumers

Unsafe Products

Environmental Crime

Institutional Corruption: Mass Media and Religion

Securities Fraud

Corporate Fraud

Crimes by the Government

Corruption of Public Officials

Medical Crime

Computer Crime

Conclusions

Filters