- The attempt to reintroduce illegally-earned profits into the legal economy by obscuring the
origins of the profits is:
1 pointsQUESTION 7
- Your buddy works at Burger King corporate headquarters. He calls you up and tells you to sell your Burger King stock, because information will come out later in the week that Burger King is being investigated by the FBI. You sell your stock before its value collapses. You have committed insider trading, which best fits within which of the following definitions:
- white collar crime
- transnational organized crime
- money laundering
- public corruption
- All corporations that trade on U.S. stock exchanges must comply with the Sarbanes-Oxley Act, which prohibits shareholder fraud, even if those corporations are based outside the United States.
If you are an American national, you can be convicted under U.S. law of bribing a foreign government official even though the activity took place outside the boundaries of the United States.