"Kyle Boatright" wrote in message
What would my exposure have been to enforcement action from the FAA, given
that I had every reason to believe that everything was on the up and up???

Check out the co-pilot's statement in this NTSB factual report-
http://www.ntsb.gov/ntsb/brief2.asp?...MIA06LA108& a
key=1

"The ACM reported that when the flight was approximately 3 miles north of
KFXE, "..we began having problems with one of the engines." The pilot then
began troubleshooting procedures for the engine, and shortly thereafter, "we
began experiencing problems with both engines simultaneously." The pilot
declared an emergency, and he (ACM) glanced at the fuel gauges and they were
indicating approximately 10-15 gallons of fuel remaining. The pilot
immediately turned towards the destination airport but "...we were unable to
make the field and decided to land on the road ahead of us." The ACM further
stated that specific details from him of what occurred are not available due
to the fact that he had never before been in a Cessna 414 airplane;
therefore, he was "...very unfamiliar with this type of aircraft."

The ACM in this report would be equivilent to you in your hypothetical
situation. He was requested to submit a report. He never heard anything more
about it.

D.