Chapter 14 Powerpoint pt. 2 Flashcards
In 1970, Congress responded to the increasingly high number of job-related deaths and injuries by passing the ___________ _______ ____ ______ ____ (_____).
Occupational Safety and Health Act (OSHA)
In _____, Congress responded to the increasingly high number of job-related deaths and injuries by passing the Occupational Safety and Health Act (OSHA).
1970
OSHA primarily relies on the ______ _______ and ________ ________ to ensure compliance.
civil process
financial penalties
OSHA covers _________, ________, or _______ intents
intentional
knowing
reckless
Securities Frauds are also known as _____ and _________ fraud.
stock
investment
Security Fraud emerged as a subject of intense public interest when it was announced, in June 2002, when ______ ________ was the subject of a criminal investigation for lying about the sale of stock.
Martha Stewart
_______ _____ emerged as a subject of intense public interest when it was announced, in June 2002, when Martha Stewart was the subject of a criminal investigation for lying about the sale of stock.
Security Fraud
Martha Stewart was sentenced to __ months in prison and __ months of home detention as a result of her conviction for lying to investigators.
5 months
5 months
______ _______- Investing in stocks a potentially profitable practice
Insider Trading
_________ __________ – a high duty of care by corporate executives and corporate boards of directors to safeguard and protect the investment of stockholders
Fiduciary relationship
_________ ____ _______ ________ (____)– federal agency that ensures that corporate officials comply with the requirements of the Securities Exchange Act of 1934 in the offering and selling of stocks.
Securities and Exchange Commission (SEC)
________-______ Act – fraud statute that requires heads of corporations to certify that their firms’ financial reports are accurate
Sarbanes-Oxley
What are the liabilities to insider trading?
(1) Tippers (individuals who transmit information)
2) Tippees (individuals who receive the information
True or False: Disclose or abstain doctrine states that corporate officials do not have to publicly reveal information to the public relating to the economic condition of a corporation before they buy or sell the company’s stock.
False; Disclose or abstain doctrine states that corporate officials must publicly reveal information to the public relating to the economic condition of a corporation before they buy or sell the company’s stock
Misappropriation doctrine criminally punishes all individuals who take and use inside corporate _________ that is in the possession of their employer.
information
_____________ _______ criminally punishes all individuals who take and use inside corporate information that is in the possession of their employer.
Misappropriation doctrine
The requirements of mail and _____ _____ are similar with the exception that the wire communication must cross interstate or foreign boundaries.
wire fraud
The requirements of mail and wire fraud are similar with the exception that the _____ ___________ must cross _______ or ______ boundaries.
wire communication
interstate
foreign
What are the elements of mail fraud?
(1) Scheme
(2) Falsehood
(3) Money or Property
(4) Reliance
(5) Mail
The _____ Act was intended to assist state and local governments to combat organized crime.
Travel
The Travel Act was intended to assist state and local governments to combat _________ _____.
organized crime
The _____ ____ authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of gambling, the illegal shipment and sale of alcohol and controlled substances, extortion, bribery, arson, prostitution, and money laundering
Travel Act
The Travel Act authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of ________, the illegal shipment and sale of alcohol and controlled substances, ________, bribery, ______, prostitution, and money laundering
gambling
extortion
arson
The Travel Act authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of gambling, the illegal shipment and sale of _______ and ________ _________, extortion, bribery, arson, prostitution, and money laundering
alcohol
controlled substances
The Travel Act authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of gambling, the illegal shipment and sale of alcohol and controlled substances, extortion, _______, arson, __________, and ______ _________.
bribery
prostitution
money laundering
What are the elements of the travel act?
(1) Travel or the use of the mails or some other facility
(2) Intent to commit a criminal offense listed in the Travel Act or crime of violence or to distribute the proceeds of an illegal activity
(3) Commission of a crime or attempt to commit a crime
