It depends if he sign them off due to misinform information. If the Broker told him it would be good for him to do it to clean up the books, then yes.. He has a better chance than most, BUT if he did it on his on, with no cororse(sp) then, he is likely on the losing side.
Life's journey is not to arrive at the grave
safely in a well-preserved body,
but rather to skid in sideways,
totally worn-out, shouting,
'Holy shit! What a ride!'