A pharmacist regularly substitutes lower-cost generic drugs for high-priced brand names, yet charges customers for the more expensive medications. He reasons that no one is hurt because all the ingredients are identical. What white-collar crime is this an example of?

Question

Quizplus · Accepted Answer

This is an example of professional chiselling, which involves charging someone for a higher-priced service or product while providing a lower-cost alternative. The pharmacist's actions fit this definition as he substitutes cheaper generics but charges for the expensive brand names.

A Pharmacist Regularly Substitutes Lower-Cost Generic Drugs for High-Priced Brand