Not sure its justified to put it in any bucket right away for couple reasons
- Terminology is realistic
- Everything mentioned is feasible and more or less thats how a business works on the idea of extracting maximum profit
- Caveat is, whatever has been called out is most likely legal so the company is legally playing by the rules, its just some ones moral compass that does not wants to accept it
The biggest red flag to me is the confident claims about where the money is going. I really don't think it's plausible to any extent that a backend developer for a major app would have any idea whatsoever to what account any particular fee is being deposited (they might know the account number if they worked on that area, but knowing that the account represents a legal fund or whatever is extremely unlikely).
You don't need to know the account or account number, just need to know the transaction logic, which most backend developer will know of as long as they work in that area.
If the product managers keep boasting about their new strategy (which I have seen in almost all companies I have worked for), even the juniors will know what's going on.
- Terminology is realistic
- Everything mentioned is feasible and more or less thats how a business works on the idea of extracting maximum profit
- Caveat is, whatever has been called out is most likely legal so the company is legally playing by the rules, its just some ones moral compass that does not wants to accept it