The USJustice Department Has Entered into a Deferred Prosecution Agreement with with Several

question 26

Multiple Choice

The U.S.Justice Department has entered into a deferred prosecution agreement with several U.S.banks on charges of mortgage fraud.The agreements provide that if the banks stay out of legal difficulties for five years then the charges will be dropped.The banks agreed to have monitors in place during the five years and pay a fine.Which of the following best describes what has been done by these arrangements with the banks?

• A)A guilty plea has been entered.
• B)A nolo contendere plea has been entered.
• C)There has been a finding of innocence.
• D)The parties have a corporate integrity agreement.

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Definitions:

Felony

A crime—such as arson, murder, rape, or robbery—that carries the most severe sanctions, usually ranging from one year in a state or federal prison to the forfeiture of one’s life.

Imprisonment

The state of being confined in jail or prison as a legal punishment for crimes committed.

Criminally Liable

Being legally responsible for a crime, with potential for penalties such as fines or imprisonment.

Stolen

Refers to property that has been taken without permission or consent, violating the legal rights of the owner.