Deck 14: Larency Theft Fraud and White Collar Crime

Question 1

Which of the following statements regarding jurisdictional issues is true?

A)The monetary value of the loss rarely plays a role in determining whether the case is handled by state or federal prosecutors.
B)The monetary threshold for jewelry theft is $15,000.
C)The monetary threshold for art theft is $25,000.
D)Some crimes have no monetary threshold that must be exceeded before the federal government gains jurisdiction.

Answer 1

D

Question 2

In larceny/theft, what determines whether the offense is grand or petty?

A)the value of the property
B)a judge
C)a jury
D)the physical evidence

Answer 2

A

Question 3

The greatest percentage of loss in the retail industry is due to:

A)administrative errors.
B)employee theft.
C)shoplifting.
D)vendor fraud.

Answer 3

B

Question 4

Larceny differs from robbery in that larceny:

A)is a misdemeanor.
B)involves no force or threat of force.
C)involves illegally entering a structure.
D)has a monetary limit.

Question 5

Most bicycle thefts are committed by:

A)juveniles.
B)professional bicycle theft rings.
C)adult amateurs.
D)solo professionals.

Question 6

Jewelry is most often stolen by:

A)juvenile amateurs.
B)adult amateurs.
C)professionals.
D)gang members.

Question 7

A term that refers to the unexplained or unauthorized loss of inventory, merchandise, cash, or any other asset from a retail establishment due to employee theft, shoplifting, organized retail crime, administrative errors, and vendor fraud is

A)stop loss.
B)shrinkage.
C)skimming.
D)dark figure of inventory.

Question 8

The primary motive for all types of larceny is usually:

A)spite.
B)revenge.
C)monetary gain.
D)the excitement of stealing.

Question 9

The number one consumer fraud complaint to the Federal Trade Commission in 2013 was:

A)insurance fraud.
B)telemarketing fraud.
C)identify theft.
D)copyright violation.

Question 10

Thieves who go around neighborhoods targeting mailboxes with their flags up, searching for envelopes containing checks and other forms of payment, are referred to as:

A)taggers.
B)flaggers.
C)flagellators.
D)grabbers.

Question 11

Altering the price on a garment in a store is considered:

A)embezzlement.
B)fraud.
C)larceny.
D)a gray-collar crime.

Question 12

Which of the following is an element in check fraud?

A)copying
B)issuing worthless checks
C)proof of intent
D)using an access device

Question 13

The provides a computerized index of stolen art and cultural property as reported to the FBI by law enforcement agencies throughout the United States and internationally.

A)Cultural Objects Registry
B)International Art Tracking System
C)Cooperative Art Recovery Project
D)National Stolen Art File

Question 14

The telephone scam in which consumers are billed for unauthorized or misleading charges is:

A)cramming.
B)fluffing.
C)gouging.
D)slamming.

Question 15

The umbrella term used to describe large-scale retail theft and fraud activity by organized groups such as professional shoplifters is:

A)organized retail crime (ORC).
B)"shop till you drop" groups.
C)commercial robbery program (CRP).
D)theft and robbery gangs (TRG).

Question 16

The telephone scam that occurs when rates are increased without notification is:

A)cramming.
B)fluffing.
C)gouging.
D)slamming.

Question 17

Which section of the FBI is responsible for investigating Ponzi schemes?

A)JAG
B)DNR
C)NFCF
D)FCS

Question 18

To prosecute for shoplifting, it is important to prove that the suspect:

A)left the store with the merchandise.
B)knew the value of the merchandise.
C)intended to steal the merchandise.
D)left the store with the merchandise, knew the value of the merchandise, and intended to steal the merchandise.

Question 19

The primary difference between larceny and burglary is that:

A)burglary does not involve entering a structure.
B)larceny does not involve entering a structure.
C)burglary is a crime against a person.
D)larceny is a crime against a person.

Question 20

In the United States, the insurance industry collects nearly in premiums every year.

A)$100 million
B)$25 billion
C)$1 trillion
D)$2 trillion

Question 21

The telephone scam in which companies charge undisclosed fees for calls made from pay phones or hotel rooms is called:

A)cramming.
B)fluffing.
C)gouging.
D)slamming.

Question 22

Altering the price of an item is considered shrinkage.

Question 23

Simply walking out of the store without paying for an item in one's possession is not shoplifting.

Question 24

Shoplifting is the most frequently occurring type of larceny.

Question 25

The third and final step of the money laundering cycle is:

A)integration.
B)placement.
C)structuring.
D)layering.

Question 26

The theft of timber is no longer a problem because of strict environmental regulations and security measures taken by logging companies.

Question 27

Theft of art objects is considered to be, at most, a minor international criminal activity.

Question 28

Jamming, the unauthorized switch of a long-distance carrier, represents the fastest-growing category of complaint to the FCC.

Question 29

Shoplifting accounts for less store losses than employee theft.

Question 30

Closed-circuit television (CCTV) has become a standard security tool to curb shoplifting and help in the apprehension and prosecution processes.

Question 31

Which of the following statements is true?

A)Kiting is form of embezzlement.
B)Leakage and shrinkage are interchangeable terms.
C)Poachers who harvest cactus plants illegally are called burls.
D)Looping is a method used in credit card scams.

Question 32

Shrinkage refers to the unexplained loss of inventory, merchandise, cash, or any other asset from a retail establishment.

Question 33

Bicycle thefts are difficult to investigate primarily because thieves can ride the bikes into areas that patrol cars cannot go.

Question 34

The term numismatic theft refers specifically to the theft of valuable ancient coins.

Question 35

Farmers create a market for stolen pesticides and herbicides by purchasing them at reduced rates.

Question 36

Victims of telemarketing fraud are most commonly:

A)middle-class.
B)recently married.
C)elderly.
D)immigrants.

Question 37

To the experienced livestock person, brands are a readable language, read from left to right, top to bottom, and outside to inside.

Question 38

Boosting is the same thing as shoplifting.

Question 39

Purse snatching, pocket picking, theft from coin machines, shoplifting, bicycle theft, theft from motor vehicles, theft from buildings, theft of motor vehicle accessories, and jewelry theft are all types of larceny/theft.

Question 40

Confidence people are known to take money from others using which of these schemes?

A)phony home repairs
B)poaching
C)property flipping
D)e-mail hacking

Question 41

Compare the two major categories of larceny and theft, and describe how to determine them, giving an example for each category.

Question 42

The _______________-release limit is the maximum dollar amount that may be paid with a charge or credit card without getting authorization from the central office.

Question 43

Embezzlement is the fraudulent appropriation of property by a person to whom it has been entrusted.

Question 44

Prosecution tactics in which civil and criminal sanctions are pursued at the same time are known as
_______________ proceedings.

Question 45

Outline the three main criteria for an object to be eligible for entry into the National Stolen Art File (NSAF).

Question 46

_______________ is a term used to describe the activity of individuals who pretend to be what they are not.

Question 47

Cattle are ear marked and _______________ marked, commonly with a knife, according to branding protocol.

Question 48

Shoplifting, also known as _______________, involves taking items from retail stores without paying for them.

Question 49

When any credit card transaction must be checked, regardless of the amount of the purchase, the policy is called
_______________.

Question 50

The most common type of insurance fraud is the creation of bogus insurance schemes in which con artists collect premiums for policies that do not exist.

Question 51

Structuring, or _______________, is a method of avoiding federal reporting requirements by breaking large amounts of cash into increments of less than $10,000.

Question 52

The phrase "goods or property" refers to all forms of _______________ property, real or personal.

Question 53

Common equity skimming schemes involve use of shell companies, corporate identity theft, and use of bankruptcy/foreclosure to dupe homeowners and investors.

Question 54

is one of the basic elements of check fraud.

Question 55

In confidence games, the mark refers to the victim.

Question 56

The FBI has jurisdiction in jewel thefts in which the jewels are moved intrastate.

Question 57

Describe the law concerning found property.

Question 58

How does larceny differ from burglary and robbery?

Question 59

What are the elements of crime for larceny/theft?

Question 60

In , the offender buys a property near its estimated market value, artificially inflates the property value through a false appraisal, and then resells the property.

Question 61

Explain the difference between short-con games and long-con games, and give examples of each.

Question 62

What legislation made identify theft a federal crime, and why?

Question 63

Outline the FBI's two-pronged approach to investigating money laundering.

Question 64

How does the text define identify theft?

Question 65

Describe the three steps of the money laundering cycle.

Question 66

What are the elements of the crime of larceny by debit or credit card?

Question 67

Define fraud.How does it differ from theft?

Question 68

Outline five forms of white-collar or economic crime.

Question 69

Describe some of the investigative challenges of cargo thefts and "leakage."

Question 70

What are the main problems in investigating environmental crimes?