Leo, the Chief Executive Officer of Moon Resort Inc

Leo, the chief executive officer of Moon Resort Inc., intentionally understates the amount of the firm's debts in the prospectus for an issue of stock. Nell buys the stock and suffers a loss. Leo may be subject to

A) criminal prosecution and a civil suit from Nell.
B) negative publicity, but no prosecution or suit.
C) only criminal prosecution.
D) only a civil suit from Nell.