The rise of financial corporate crimes

1. What were the key factors that led to the collapse of Enron?

• a) The use of off-balance-sheet entities (SPEs) to hide debt and inflate profits

• b) Inflating earnings through mark-to-market accounting

• c) Excessive investment in renewable energy technologies

2. Who were some of the Enron executives that were charged and convicted for their roles in the scandal?

• a) Jeffrey Skilling

• b) Kenneth Lay

• c) Steve Jobs

3. What changes were made to corporate governance and regulation in the wake of the Enron scandal?

• a) The Sarbanes-Oxley Act of 2002, which imposed stricter accounting and financial reporting requirements

• b) The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which created new oversight agencies

• c) The Enron Reformation Act of 2003, which made it illegal to use SPEs in a fraudulent manner

4. What was the amount of the line of credit that Silicon Valley Bank agreed to provide to F5 Networks?

• a) $5 million

• b) $25 million

• c) $50 million

5. What did F5 Networks do to obtain the line of credit from Silicon Valley Bank?

• a) Falsified its financial statements

• b) Blackmailed the bank's executives

• c) Provided a guarantee from a reputable investor

6. What were the consequences of the fraud for the individuals involved?

• a) Criminal charges and imprisonment

• b) Fines and penalties paid to the SEC

• c) No legal consequences, but damage to their reputations and careers

7. What were Wirecard main services?

• a) Risk Management

• b) Payment transaction

• c) Private baking

• d) Investment analysis

8. How much money has been missing from Wirecards accounts?

• A) 2.1 bn

• b)1.9 bn

• c) 1.4 bn

• d) 5bn

9. Which auditor lost its license temporarily?

• A) KPMG

• B) Deloitte

• C) EY

• D) PWC

10. Which bank was still rating Wirecard as a buy?

• a) JPM

• b) Goldman Sachs

• c) Morgan Stanley

• d) Merryll Lynch