3 ms·
> I thought white-collar crime was usually a person scamming a company. That's not my understanding of the term "white-collar crime", nor is it the definition
by mshroyer 5y ago
> I thought white-collar crime was usually a person scamming a company.
That's not my understanding of the term "white-collar crime",
nor is it the definition used here, for example: https://en.wikipedia.org/wiki/White-collar_crime https://en.wikipedia.org/wiki/White-collar_crime
The interest calculation problem you describe would fall under what I think is the usual definition of "white-collar crime".
- phkahler 5y ago>> The interest calculation problem you describe would fall under what I think is the usual definition of "white-collar crime". But unless an individual found a way to "take the difference" they would not personally benefit. I'd call that one fraud on the part of the bank, and if it was caught and dealt with the bank might pay a fine but nobody would go to jail. I consider "white collar crime" something that an individual could be charged for, but maybe that's not the legal definition.