Dennis Kozlowski was the former CEO of Tyco who was charged with larceny, otherwise known as embezzlement. During his trial, Mr. Kozlowski offered testimony that all of his loans from the company that were not repaid were authorized loans that had been forgiven by the board of directors. The testimony about the board's approval:
A) shows a lack of mens rea on Kozlowski's part.
B) shows he did not have the actus reus of taking something that did not belong to him.
C) is irrelevant because the money belonged to the corporation.
D) Both a and b
Question 2
Penalties for corporate officers under Sarbanes-Oxley include:
A) 5-20 years for mail and wire fraud.
B) 1-10 years for violation of fiduciary duties.
C) a maximum penalty of 5,000.
D) Both a and b
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Attributed to Thomas Dennis or William Searle, Chest, made in Ipswich, Massachusetts.
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