Financial Crime Crowe Mak 2

Which of the following describes violations of the criminal law committed by a person of respectability and high social status in the course of his occupation?

• White-collar crime

• Black-collar crime

• Blue-collar crime

• Insider trading

Which of the following is the unlawful misappropriation for personal use of money, property, or another thing of value entrusted to the offender's care, custody, or control?

• Environmental law violation

• Embezzlement

• Kickbacks

• Mail fraud

Which of the following describes the return of a certain amount of money from seller to buyer as a result of a collusive agreement?

• Money laundering

• Securities fraud

• Wire fraud

• Kickbacks

Which crime involves the stealing of a person's social security number, possibly along with other personal identifiers such as a bank account number, and using that information to steal from the person?

• Cyberstalking

• Extortion

• Conversion

• Identity Theft

________________ refers to the process of using the property or goods of another for one's own use and without permission.

• Conversion

• Extortion

• Securities fraud

• Copyright Infringement

What refers to falsely representing a fact, either by conduct or by words or writing, in order to induce a person to rely on the misrepresentation and surrender something of value?

• Embezzlement

• Fraud

• Conversion

• Theft

Cornering is a market manipulation technique that involves

• using confidential information one has about a company for their own gain or profit

• a general consensus that stock brokers are willing to do anything for a profit

• When enough of a certain stock, commodity, or other asset is purchased in order gain control and establish the price for it

• investors investing to multiple companies to avoid losing money.

If someone working for a company knows that a bad piece of news is about to be released, and sells his shares of the stock in order to guard against loss, then this is called _____.

• insider trading

• front running

• market rumor mongering

• wash trading

If you are contacted via telephone by someone purporting to represent a financial institution you do business with and are asked to provide or update personal or account information, you should:

• Give it to them. What's the big deal?

• Ask to speak to a supervisor.

• Hang up!

• Hang up and find the phone number of that institution off of one of your account statements, credit cards or their verifiable website address and call that number to check on the request.

Financial crime is the illegal conversion of financial assets

• True

• False