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

White collar crimes and banking crimes are both illegal activities, but there are some key differences between the two. White collar crimes are non-violent crimes that involve deception or other fraudulent activities typically committed by business professionals. Examples of white collar crimes are embezzlement, bribery, insider trading, and money laundering. Banking crimes, on the other hand, involve violations of banking regulations, such as making false entries in a bank account, engaging in illegal investment activities, or making false statements on a loan application. In South Dakota, many white collar crimes are tried in state court and punished as felonies. The punishments can include jail time, fines, probation, and restitution. Banking crimes, however, are typically federally prosecuted and often carry harsher punishments than white collar crimes. These penalties can include large fines, prison time, and asset forfeiture. Overall, white collar crimes involve deceptive acts and are usually committed by business professionals, while banking crimes involve violations of banking regulations and typically involve specific financial institutions. The punishments for these crimes can vary greatly based on the offense and state or federal laws.

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

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