In One of the Cases in the Textbook, Michael Weinstein

Multiple Choice

In one of the cases in the textbook, Michael Weinstein was the head of Coated Sales, Inc., a company that coated fabrics for use in producing things like parachutes, helmet liners, and camouflage suits. By engaging in financial shenanigans, Coated Sales moved to the top of its industry, but ultimately the good times turned into bad times, and the company declared bankruptcy. What happened to Weinstein?

A) After the bankruptcy, he raised new capital and started another fabric coating company.
B) He was convicted, sentenced to prison, and ordered to make restitution.
C) He cooperated with the government and became an informant against his partners who had been siphoning cash off of government contracts.
D) He was placed on probation after reimbursing the shareholders with the profits he had made on investments in the stock market.