Chapter 17 Flashcards
A _________ is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation.
Ponzi Scheme
_________ usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
Ponzi Scheme
_________ is a confidence trick in which a mark is persuaded to give up a sum of money in order to secure the rights to a larger sum of money, or more valuable object. In reality, the scammers make off with the money and the mark is left with nothing.
Pigeon Drop
The _________ is a federal law enforcement agency under the United States Department of Justice, tasked with combating drug smuggling and use within the United States. .
DEA
Drug Enforcement Administration
The _________ was established on July 1, 1973, by Reorganization Plan No. 2 of 1973, signed by President Richard Nixon on July 28. It proposed the creation of a single federal agency to enforce the federal drug laws as well as consolidate and coordinate the government’s drug control activities.
DEA
an institution that provides financial services for its clients or members. Probably the most important financial service provided by _________ is acting as financial intermediaries. Most are regulated by the government.
Financial Institutions
In criminology, _________ refers to crimes committed either by a corporation (i.e., a business entity having a separate legal personality from the natural persons that manage its activities), or by individuals acting on behalf of a corporation or other business entity .
Corporate Crime
_________ is ‘a single, or repeated act, or lack of appropriate action, occurring within any relationship where there is an expectation of trust, which causes harm or distress to an older person.
Elder Abuse
The core element to the harm of elder abuse is the ‘___________________t’ of the older person toward their abuser. Thus, it includes harms by people the older person knows or with whom they have a relationship, such as a spouse, partner or family member, a friend or neighbor, or people that the older person relies on for services.
“expectation of trust”
_________ is a legal principle in some jurisdictions under which banks are not allowed to provide to authorities personal and account information about their customers unless certain conditions apply (for example, a criminal complaint has been filed).
Bank Secrecy
The _________ of 1970 requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities.
Bank Secrecy Act
_________ is the process of concealing the source of money obtained by illicit means. The methods by which money may be laundered are varied and can range in sophistication.
Money Laundering
A _________ is a financial professional, a species of auditor, who has the task of making sure that banks, savings and loans, credit unions and similar financial institutions, and their branches, are operating legally and ethically, in accordance with the standards imposed on these institutions by the chartering level of government.
Bank Examiner
In the parlance of criminal justice, a _________ is a known person supected of committing a crime. Police and reporters in the United States often incorrectly use the word when referring to the perpetrator of the offense (perp for short).
Suspect
The _________ is the chief legal representative of the prosecution in countries with either the common law adversarial system, or the civil law inquisitorial system. The prosecution is the legal party responsible for presenting the case in a criminal trial against an individual accused of breaking the law.
Prosecutor
