Robo-signing and Jail Time

 

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CEOs and CFOs of some of the nation’s biggest banks have been involved in the 2010 robo-signing scandal. They may be personally liable for staggering sums if judges agree that they violated Sarbanes-Oxley and a few other federal regulations by allowing robo-signing to take place. Mary Driscoll, APQC senior finance fellow, comments on what this means to corporate executives in all organizations.

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