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Both individuals and corporations may face civil fines in addition to criminal penalties for white-collar crimes.

A. True
B. False

Answer :

It is true that both individuals and corporations can incur civil fines on top of criminal penalties for white-collar crimes. These financially motivated and nonviolent crimes, which include fraud and embezzlement, lead to significant economic and personal harm.

The statement that both individuals and corporations may face civil fines in addition to criminal penalties for white-collar crimes is true. White-collar crime, as defined by the Federal Bureau of Investigation, includes offenses like fraud, bribery, ponzi schemes, insider trading, and embezzlement, which are all financially motivated and nonviolent in nature.

These types of crimes can result in huge economic losses and personal harm, and while the focus is often on criminal charges, the entities involved can also be subjected to civil penalties. This can happen when federal agencies such as the IRS, FBI, SEC, and others bring civil actions to recover damages or impose fines on the offending parties. The resource imbalance and higher bar for white-collar criminal liability make it challenging for the government to prosecute these crimes compared to other types of illegal activities.

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