Can I be arrested for having "shared folders" on my computer?

With so many attacks on digital rights these days (how many stories have you heard recently of teenagers getting arrested for filesharing?), it's confusing to know just what you can and can't do in the face of the RIAA and their authorities lapdogs. Luckily, Lifehacker took a minute to have their resident law geek answer a number of critical questions. Some of the answers were stunning in their ridiculousness (on the part of the industries) -- outrage alert:

Question 1: Is it true that I can get in trouble for just having "Shared Folders" on my computer?

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