Final answer:
When perpetrators are convicted of fraud, they often serve jail sentences and/or pay fines.
Step-by-step explanation:
When perpetrators are convicted of fraud, they often serve jail sentences and/or pay fines. This statement is true.
Convictions for fraud can result in various penalties depending on the severity of the crime and the jurisdiction. Jail sentences are commonly imposed for more serious cases of fraud, while fines can be imposed regardless of the severity.
For example, in the case of financial crimes committed by powerful individuals, such as Bernie Madoff's Ponzi scheme fraud, the losses inflicted on victims were significant. Madoff received a lengthy prison sentence for his crimes. However, it is worth noting that not all fraud cases result in jail time, as the penalties can vary based on factors such as the nature of the fraud, the amount of money involved, and the individual's criminal history.