Meera Ganguly is the chief executive officer and Todd Bradley is the chief financial officer of Maxwell Inc. Both unknowingly signed the financial report for the year 2006-07, which was later found to be fraudulent and misleading. Given this scenario, which of the following is true of the CEO and the CFO of Maxwell Inc.?
A. Under RICO, only the CFO will be liable for punishment.
B. Under the Sarbanes-Oxley Act, both of them must reimburse the company.
C. Under the Sarbanes-Oxley Act, only the CEO will be liable for punishment.
D. Under RICO, both of them are required to reimburse the company.
Answer: B
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