Chapter 17 Flashcards
According to the Dictionary of Criminal Justice Data Terminology, which of the following are considered elements of the definition of white-collar crime?
I. Crime committed by means of deception
II. Nonviolent crime, committed for financial gain
III. Crime committed by professionals or semi-professionals
A. II, III
B. I, II
C. I, II, III
D. I, III
Answer: C
What is the basic fee for recycling money of a suspicious origin? A. an average of 4 percent B. between 10 to 15 percent C. an average of 25 percent D. between 15 and 20 percent
Answer: A
. What does a Currency Transaction Report (CTR) require banks to record?
A. cash transactions of $5,000 or more
B. cash transactions of $10,000 or more
C. cash transactions of $1,000 or more
D. suspicious conditions in transactions of $50,000 or more
Answer: B
Danielle is a “smurf” for a drug cartel. Which best illustrates her actions?
A. She carries large denominations of drug money hidden on her person and flies from the United States to South America.
B. She takes cash to a bank and makes several transactions, trading small bills for larger ones.
C. She makes large transactions via fax or personal computer, thus avoiding personal interactions with banking personnel.
D. She goes to several different banks and purchases cashiers checks in denominations of less than the required CTR reporting amount.
Answer: D
Which one of the following government agencies does NOT investigate money laundering schemes? A. FBI B. USPS C. IRS D. DEA
Answer: B
Which confidence game involves conning victims into making small investments that they believe could potentially earn them huge revenues? A. bank examiner scheme B. wallet switch scam C. pigeon drop D. pyramid scheme
Answer: D
. In which one of the following confidence games is the victim contacted by a con who pretends to need help in conducting an investigation? A. the bank examiner scheme B. the get rich quick scheme C. the magazine subscription scam D. the pigeon drop
Answer: A
Diddling involves which unlawful computer practice?
A. pushing a computer’s capabilities to its limits, regardless of consequences
B. entering incorrect data to falsify records
C. inserting an electronic letter bomb attack
D. acquiring characteristics to assume an unauthorized password
Answer: B
Which of the following computer crimes involves the secret placement or alteration of computer instructions so that one computer tells another how to perform illegal functions? A. masquerading B. Trojan horses C. computer viruses D. superzapping
Answer: B
Officer Dale is conducting a computer crime investigation. Which action might cause him to lose his computer evidence?
A. Store paper printouts of computerized data away from direct sunlight.
B. “Park” hard drives before moving them.
C. Document the configuration of a computer and what add-on equipment is involved.
D. Place magnetic tape and disks near stereo speakers and printers.
Answer: D
. The Dictionary of Criminal Justice Data Terminology offers the following definition: “Non-violent crime for financial gain committed by means of deception by persons whose occupational status is entrepreneurial, professional or semi-professional, and utilizing their special occupational skills and opportunities.” What crime is this defining? A. Fraud. B. Credit card crimes. C. Check fraud. D. White-collar crime.
Answer: D
Con man 1 finds a wallet, purse, attaché case, or even a paper bag apparently filled with money. An unsuspecting victim standing nearby witnesses the discovery. At that time, con man 2 appears and claims that he is entitled to a share of the loot just as much as the other. It should occur to the victim at this point that he or she should share in the proceeds. What crime is being committed? A. The pyramid scheme. B. The bank examiner scheme. C. The travel scam. D. The pigeon drop.
Answer: D
Julie goes to the store to buy a new backpack for school and intends to use a credit card to pay for it.
What is the only common security measure used on all credit cards?
A. A picture ID.
B. The signature panel.
C. Asking for a zip code.
D. All of the above are required by retailers.
Answer: B
What is the purpose of money laundering?
A. It conceals the source of the illegal money.
B. It gives that money a legitimate history and paper trail.
C. It conceals the amount of money made by illegal means.
D. All of the above are true of money laundering.
Answer: D
Jose is involved in drug sales and these illegal drug transactions are usually cash transactions, commonly resulting in large amounts of currency in excess of $20,000. Jose uses this money to pay off various lower dealers and suppliers. Jose needs to legitimize his cash proceeds in a fashion that permits him to spend it wherever and whenever he desires without attracting suspicion.
What prevents Jose from depositing $20,000 in cash in a bank?
A. The federal CTR requirement.
B. His distrust of banks.
C. His suppliers mandate that only credit unions be used.
D. Nothing prevents him from using a bank.
Answer: A