A contractor found guilty of diversion of funds exceeding $1,000 could face what additional consequence?

A contractor found guilty of diversion of funds exceeding $1,000 faces the possibility of imprisonment as an additional consequence. This reflects the seriousness of the offense, as diversion of funds is considered a form of fraud and can severely impact clients, subcontractors, and suppliers.

The legal system often imposes harsh penalties for financial misconduct, especially when it involves a substantial amount of money, to deter such behavior and to uphold trust in the contracting and construction industries. Imprisonment serves as a significant deterrent and underscores the legal ramifications of misappropriating funds.

In contrast, the other options do not capture the gravity of the consequences for financial crimes of this nature. Monetary fines alone may not address the severity of the offense, while a warning notice would be too lenient for a serious crime. Although work license revocation can certainly occur as a consequence, the potential for imprisonment emphasizes the legal system's aim to penalize criminal activity effectively.