What is the difference between a white collar crime and a banking crime?

White collar crime is a term used to describe a wide variety of criminal activities that involve deceiving or manipulating another person or organization in order to gain a financial benefit. This type of crime typically involves complex schemes, including fraud, bribery, insider trading, and money laundering. In contrast, banking crimes are typically more direct, involving theft or embezzlement of funds from a financial institution. White collar crimes generally involve some form of deception or fraud, as opposed to the direct theft or embezzlement of money in a banking crime. For instance, a person may commit a white collar crime by making false statements to a bank in order to obtain a loan or credit. A banking crime, on the other hand, would involve the actual physical theft of money from a bank using deception or force. In New Mexico, white collar crimes are prosecuted as felonies, and the penalties for such crimes can include time in prison and fines. The specific penalties for white collar crimes depend on the nature and severity of the offense. Similarly, banking crimes are prosecuted as felonies in New Mexico, with penalties depending on the severity and extent of the offense.

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What is the difference between a white collar crime and a banking crime?

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