Under a great deal of pressure to

QUESTION

Jack is a manager at Clear Calls, Inc., a large telecommunications company. Under a great deal of pressure to meet high year-end expectations, Jack’s supervisor directs him to inflate revenues and bury expenses. With the help of computer whiz Simone, Jack carefully reworks the balance sheets for his division. They also shred any documents which might leave a trail, and submit their financial report to the corporate office. Ultimately, the information supplied by Jack is included in Securities and Exchange Commission filings.What criminal charges are likely to be brought?What are the penalties for these crimes?Could the crimes also subject the supervisor, Jack, Simone and/or Clear Calls, Inc., to civil liability?

ANSWER:

REQUEST HELP FROM A TUTOR