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White Collar Crime
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White Collar Crime
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25 Questions

1. The corporate empires of the robber barons (for example: Rockefeller - Carnegie - Vanderbilt - Gould - and Frick) of the second half of the 19th century were involved in every manner of bribery - fraud - stock manipulation - predation against competi

2. Internal computer crimes (sabotaging programs) - Telecommunications crimes (hacking) - Computer manipulation crimes (embezzlements and fraud) - Computers in support of criminal enterprises - Hardware / software thefts (corporate level mainly)

3. The Madoff ponzi scheme was surely the largest in history to date [Started in the 1990s and defrauded thousands of investors of recorded $65 Billion]

4. Price gouging or systematic overcharging - have also been directed at various industries and corporations when they take advantage of especially vulnerable classes of consumers or circumstances such as shortages. Many states prohibit price gouging by

5. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers

6. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute

7. Send you to a different place when they could have diagnosed it themselves

8. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors

9. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products

10. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment

11. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]

12. Refers to illegal activity that occurs in the world of finance and financial institutions [Can be committed to benefit financial institutions - such as banks - or for the benefit of individuals - such as investment bankers.]

13. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product

14. Pyramid Scheme (has product) - A variant of a Ponzi Scheme - Involves recruiting other people into the business in other to sustain profit rather them a truly profitable enterprise [MonVie Acai Berry juice

15. Decreasing the number of high-wage union jobs - reducing wages of US workers - hiring illegal immigrants and the use of offshore plants for cheap workers

16. A case in which the Ford company placed the gas tank in the rear of the car to save money on engineering costs. When the car was involved in rear-end collisions the gas tank exploded - burning some people to death

17. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators

18. Large corporations taking advantage of political corruption - the absence or paucity of regulatory controls - and the desperation for economic enterprise characteristic of many developing nations

19. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques

20. Corporations are increasingly controlled by paper entrepreneurs - or investors who are principally concerned with short-term profit. These investors are far less likely to be strongly committed to product development of to the local communities in wh

21. Refers to a type of Employee Crime: known as theft through misrepresentation

22. Refers to a type of Employee Crime: known as cheating or swindling

23. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]

24. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.

25. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]

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