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Answer :
The given statement, "Under our criminal laws that exist today, white-collar crime is not punishable by imprisonment." is false as certain white-collar offenses, imprisonment is necessary.
White collar investigations are pursued by both federal and state prosecutors. The prosecutor's office that handles a white collar crime often depends on the investigation team that found the illicit activity. There are certain white collar offenses that result in prison time. White collar criminal offenses are subject to imprisonment, fines, or both under federal law.
The phrase "white-collar crime" describes non-violent acts that are intended to result in financial benefit. This monetary benefit is frequently attained by fraud or dishonesty. White collar crimes may entail fraud, secrecy, or breach of trust. The list of crimes believed to be instances of white collar crimes is shown below.
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