Deck 15: Larceny Theft and White-Collar Crime

Question 1

There are 5 types of shoplifters.Which of the following is not one of those types?

A) Kleptomaniac.
B) Thrill seekers.
C) Amateurs.
D) "Desperate Straits" people.

Answer 1

B

Question 2

White collar crimes involve all of the following except

A) armed robbery.
B) identity theft.
C) credit card fraud.
D) money laundering.

Answer 2

A

Question 3

Which of the following is a staged automobile accident with fraudulent intent?

A) Scooping.
B) Sudden impact.
C) Swoop and squat.
D) Bang-bang.

Answer 3

C

Question 4

An employee who fraudulently claims she or he was injured on the job would be committing

A) employee fraud.
B) employer fraud.
C) worker's compensation fraud.
D) employee larceny.

Question 5

Which of the following is not one of the three most common ways identity thieves obtain personal information?

A) Stolen wallet.
B) Friends/relatives with access to the information.
C) Corrupt employees with access to the information.
D) Pick-pockets.

Question 6

According to your textbook,what may be the fastest growing sector of credit card fraud?

A) Asian gangs who obtain credit cards in your name and run up bills rapidly and leave the area.
B) Counterfeiting of credit cards.
C) Terrorist organizations that use credit card fraud to finance their operation.
D) Individuals who are unable to keep up with monthly payments on their credit cards and have to file bankruptcy requiring other holders to make up the loss to the companies.

Question 7

Money laundering involves three distinct steps: layering,integration,and

A) displacement.
B) placement.
C) disintegration.
D) initiation.

Question 8

Which of the following terms refer to the problem of significant losses to retailers caused by crews or rings of often-mobile professional shoplifters?

A) Organized retail theft (ORT).
B) Organized retail thrill seekers (ORTS).
C) Organized retail crime (ORC).
D) Organized gypsy gangs (OGG).

Question 9

The primary federal agency responsible for investigating counterfeiting is the

A) FBI
B) Secret Service
C) DEA
D) CIA

Question 10

There are approximately 70,000 charities.Unfortunately,a very small number are frauds and create problems for legitimate charities.Which of the following is not one of the problems related to bogus charities as cited in the textbook?

A) People are scammed out of their money.
B) Public confidence in charities is undermined, making it harder for legitimate charities to raise funds for important causes.
C) People who donate to bogus charities run the risk of being in violation of the law.
D) People do not get a tax deduction.

Question 11

Scamming victims out of personal information on the Internet is accomplished by a technique known as

A) smurfing.
B) shoulder smurfing.
C) skimming.
D) phishing.

Question 12

Why do criminals want to launder money?

A) Avoid prosecution.
B) Increase their profits.
C) To appear legitimate.
D) All of the preceding are reasons why criminals want to launder money.

Question 13

Making multiple deposits of cash,or buying multiple bank drafts,which are checks issued by one bank against funds deposited in the bank that authorize a second bank to make payment to the entity named in the draft is

A) smurfing.
B) shoulder smurfing.
C) check kiting.
D) a type of "black market peso exchange."

Question 14

Insurance frauds can be hard or soft.Which of the below statements is/are correct in reference to insurance fraud?

A) Soft fraud is also called opportunity fraud.
B) Soft fraud involves normally honest people who tell "little white lies" to collect reimbursements to which they are not entitled.
C) Soft fraud involves billing for services that was never rendered.
D) Both A and B are correct.

Question 15

What scam begins with a potential victim getting an unsolicited fax,email,or letter that purports to be from a current or former Nigerian governmental official or a relative of such,and requests assistance in getting money into the United States?

A) Pigeon drop scheme.
B) Nigerian 419 scheme.
C) Black Money/Wash Wash scheme.
D) Both B and C.

Question 16

Once armed with enough stolen personal identification data,the process of identity theft is executed and follow-on crimes are committed.What term refers to the practice of the thief calling credit card companies,asking them to change the address "your" bill is mailed to and quickly running up charges on accounts?

A) Establishing a new life.
B) Phishing.
C) Account takeover.
D) Identity cloning.

Question 17

A person who opens accounts at several banks,knowingly,issuing a check that overdraws their account at bank 1,and then depositing a check in that account from their bank 2 account to cover the first worthless check is a

A) thief.
B) check floater.
C) check kiter.
D) check forger.

Question 18

What has been referred to as the "crime of the new millennium?"

A) Identity theft.
B) Terrorism.
C) Organized crime.
D) Shoplifting.

Question 19

Which category of people receives as much as 70% of the total confidence game pitches?

A) Teens.
B) Middle age people.
C) Elderly.
D) Both A and C.

Question 20

Any manipulation or deception that affects the purchase or sale of a security and usually includes the misrepresentation or omission of significant information is

A) integration.
B) layering.
C) securities fraud.
D) a confidence game.

Question 21

________ is what Nigerian cons call the black money scheme,it is also an advanced fee scam.

Question 22

"Unbundling charges" is the practice of using billing codes for more expensive tests or longer office visits than actually occurred.

Question 23

There are approximately 70,000 charities.Unfortunately,a very small number are frauds and create two type of problems: people are scammed out of their money and do not get a tax refund,and secondly,public confidence in charities is undermined,making it harder for legitimate charities to raise funds for important causes.

Question 24

Organized retail theft (ORT)has emerged as the broader term and includes not only professional shoplifters but also other associated problems: theft from merchandise distribution centers,truck hijacking,credit card fraud,counterfeit goods,the fences and other outlets for stolen merchandise.

Question 25

Identity theft,which began to emerge as a problem in the 1990s,has been called the "crime of the new millennium."

Question 26

A process that was developed in the 1980s in part,to help dying AIDS patients pay their bills and was later extended to others,especially the elderly,is known as

A) prime bank note.
B) cramming.
C) viatical settlements.
D) major fraud.

Question 27

________ accidents are exactly that: no accident has occurred.This also requires collusion with a body shop to perpetrate the crime.

Question 28

Money laundering involves three distinct steps: placement,________,and integration.

Question 29

The practice of placing unauthorized,misleading,inaccurate,or deceptive charges on the victims phone bill is an example of

A) a prime bank note.
B) cramming.
C) viatical settlements.
D) major fraud.

Question 30

Investment fraud whereby investors are paid dividends from the deposits of other investors is referred to as a

A) Ponzi scheme.
B) Pyramid scheme.
C) Endless chain scheme.
D) All of the preceding are correct.

Question 31

Manufacturing counterfeit United States currency,or altering genuine currency to increase its value is a violation of federal law and is enforced by the Department of Justice - Federal Bureau of Investigation.

Question 32

Which of the following is not one of the top telemarketing scams?

A) Prizes/sweepstakes.
B) Credit card offers.
C) Scholarship/educational grants.
D) Employment in Europe offers.

Question 33

The crime of theft by conversion is the same as the traditional larceny charge,with the addition that a person who has been entrusted with something of valuable converts it to their own purpose or use in contravention of his/her legal obligation.

Question 34

A process that involves the touting of a company's stock through false and misleading statements to the market place often by using the Internet with the intent of driving up the price of the stock is

A) a pump and dump scheme.
B) a pump and jump scheme.
C) an affinity fraud.
D) a guaranteed winner for the stock holder.

Question 35

An act was passed in 2006 by Congress,essentially making all forms of gambling via the _________________illegal.

Question 36

Tangible property means things that have both a physical existence that can be touched and intrinsic value whereas intangible property has value,but is more abstract.

Question 37

Check fraud is the forgery,alteration,counterfeiting,or knowing issuance of a check on an account that is closed or has insufficient funds to cover the amount for which the check is written.

Question 38

Skimmers are pager-sized data collection devices that cost roughly $300 and are placed in locations where they can observe victims identify themselves and use credit cards or write checks and/or punch in their long-distance calling card numbers.

Question 39

The practice of ________ involves going through a victim's trash to obtain personal data.

Question 40

The United States Department of Justice defines blue-collar crime as nonviolent,illegal activities that rely on deceit,deception,concealment,manipulation,and breach of trust,subterfuge,or illegal circumvention.

Question 41

________ is the illegal practice of filtering "dirty" money or ill-gotten gains through a series of transactions until the money is "clean."

Question 42

The practice of placing unauthorized,misleading,inaccurate,or deceptive charges on the victims' telephone bills,which may be accidental but is often intentional,is called ________.

Question 43

Describe smurfing and shoulder surfing.

Question 44

The missing person fraud is cruel.How is it run?

Question 45

How are prime bank and promissory note frauds operated?

Question 46

What are pump and dump schemes?

Question 47

How are bank examiner and pigeon drop cons run?

Question 48

List at least eight ways identity thieves can get a victim's personal information.

Question 49

What are upcoding and unbundling charges used for?

Question 50

Unrelated to telemarketing fraud are three scams related to ________,such as 1-900 and foreign exchange numbers,the Mexican collect call scam,and cramming.

Question 51

A ________ is essentially a short-term written I.O.U.that promises to pay its holder,the investor,the fixed amount invested plus a fixed amount of interest at some specified date in the future.

Question 52

Give two definitions of white-collar crime.

Question 53

Identify and discuss two telephone/pager scams.

Question 54

In reference to money laundering,in ________,the illegal funds that have been placed and layered are now clean and are virtually indistinguishable from wholly legal money and are then used to buy luxury items or to invest in legitimate businesses.

Question 55

After identity theft is committed,follow-up crimes occur.Identify five types of follow-up crimes.