Final answer:
An individual can be prosecuted criminally or civilly for fraud and potentially face both types of prosecution, but not at the same time. Civil and criminal cases have different standards and do not violate double jeopardy. Thus, both state and federal courts hear matters involving civil and criminal law, allowing for a comprehensive legal system.
Step-by-step explanation:
An individual committing fraud can be prosecuted either criminally or civilly, and it is possible for both types of prosecution to occur, though not at the same time. Answer C, 'Yes, but not simultaneously', is the correct option because both civil and criminal charges can result from the same set of facts, but double jeopardy does not apply to civil cases.
In terms of courts, both state and federal courts hear matters that involve civil and criminal law. This dual function of the courts allows for a comprehensive legal system that can handle a variety of legal disputes and ensure justice is served in both private and public matters.