Can a person go to jail for committing a white collar crime?
White collar crime is punished just like any other criminal offense and may include significant fines and jail time. Sentences for white collar criminal convictions often include restitution, or paying back the ill-gotten financial gains. They also carry significant collateral consequences, such as tax liability, suspension or loss of a professional license, and suspension or debarment from participating in federally funded programs. Health care providers or individuals employed in the health care industry can lose their ability to receive reimbursement from state and federal health care programs such as Medicare and Medicaid, a process known as “exclusion.”