Final answer:
The statement is false; state attorneys general have the jurisdiction to investigate white-collar crimes and consumer fraud.
Step-by-step explanation:
The assertion that state attorneys general offices lack jurisdiction to investigate white-collar crimes or fraud involving consumers is incorrect. State attorneys general have a significant jurisdictional role in addressing white-collar crimes and protecting consumers. Many state attorney general offices have specialized units or divisions focused on combating various forms of white-collar crimes, including fraud.
These offices possess the authority to conduct investigations into deceptive practices, financial crimes, and fraud against or by consumers. State attorneys general can initiate civil actions, enforce state and federal laws, and collaborate with other law enforcement agencies to safeguard consumers and uphold fair business practices. The proactive engagement of state attorneys general in addressing white-collar crimes reflects their crucial role in maintaining public trust and ensuring the integrity of financial transactions within their respective jurisdictions.