Dexter Hemingway is the CEO and Todd Bradley is the CFO of Maxwell Inc.Unknowingly,both signed the financial report for the year 2006-07,which was later found to be fraudulent and misleading.Can they be held liable for punishment?
A) Under the Sarbanes-Oxley Act,both of them must reimburse the company.
B) Under the Sarbanes-Oxley Act,only the CEO will be liable for punishment.
C) Under RICO,both of them are required to reimburse the company.
D) Under RICO,only the CFO will be liable for punishment.
Correct Answer:
Verified
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