Match each white-collar term listed in Column 1 to its description in Column 2

Question

1. Money laundering a. Nigerian letter fraud, foreign lottery/sweepstakes fraud, and overpayment fraud.
2. Ponzi scheme b. Violations of the criminal law committed by persons of respectability and high social status in the course of their occupation.
3. Corporate fraud c. The process of converting illegally earned assets, originating as cash, to one or more alternative forms to conceal such incriminating factors as illegal origin and true ownership.
4. Mass-marketing fraud d. A term that refers to accounting schemes, self-dealing by corporate executives, and obstruction of justice as well as insider trading, kickbacks, and misuse of corporate property for personal gain.
5. Criminal enterprise e. A violation of a criminal statute by a corporate entity or by its executives, employees, or agents acting on behalf of and for the benefit of the corporation, partnership, or other form of business entity.
6. White-collar crime f. A form of high-yield investment fraud that uses money collected from new investors, rather than profits from the purported underlying business venture, to pay high rates of return promised to earlier investors.
7. Corporate crime g. A group of individuals with an identifiable hierarchy, and extensive supporting networks, engaged in significant criminal activity.
8. Securities and commodities fraud h. A term that refers to crimes such as stock market manipulation, high-yield investment fraud, advance fee fraud, hedge fund fraud, and broker embezzlement.

Answer 1

1. C
2. F
3. D
4. A
5. G
6. B
7. E
8. H