Under current laws dealing with financial misrepresentation, which of the following statements is true?
A) Managers found guilty can escape paying fines if they declare bankruptcy.
B) Managers can be sentenced to long prison terms of up to 20 years per violation.
C) Managers found guilty may keep any bonuses or profits from the misrepresentation if their fines are less than such bonuses or profits.
D) All of the above.

Question

Quizplus · Accepted Answer

Under current laws, managers can be sentenced to long prison terms of up to 20 years per violation for financial misrepresentation. A and C are inaccurate as managers cannot escape paying fines by declaring bankruptcy and cannot keep any bonuses or profits from the misrepresentation if found guilty.

Under Current Laws Dealing with Financial Misrepresentation, Which of the Following