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Sarbanes-Oxley Act met with resounding, ‘What?’

Sarbanes-Oxley Act met with resounding, ‘What?’

by Rick Turoczy on December 2, 2004

When President Bush signed the Sarbanes-Oxley Act two years, he declared, “No boardroom in America is above or beyond the law.”

The act quadrupled sentences for accounting fraud and created a corporate fraud felony charge that carries a 25-year prison term. “No more easy money for corporate criminals — just hard time,” Bush vowed.

Despite the attention the president brought to Sarbanes-Oxley, it seems the general public doesn’t follow corporate fraud with quite the same zeal as, say, a bench-clearing brawl in the NBA.

Sarbanes-Oxley Act met with resounding, ‘What?’

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