An investment banker who sold bundles of home mortgages with high interest even though he knew there was a high risk of loss or default without warning his clients was engaged in:

Question

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Selling high-risk bundles of home mortgages without warning clients of the risks is an example of white collar crime, which involves nonviolent, financially motivated offenses committed by businesses and government professionals. The investment banker's actions can be classified as white collar crime, specifically fraud, as he deceived his clients by not disclosing the high risk of loss or default associated with the bundled mortgages.

An Investment Banker Who Sold Bundles of Home Mortgages with High