SEC Charges Former CEO of Jumio Inc. with Defrauding Investors

Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by CPLX on Tuesday April 02, 2019 @05:25PM (#19558734)

Steal 17 million dollars from investors, literally not a day in jail.

Steal 17 dollars from a department store and see how that goes.

Welcome to America.

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Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by JumpCrisscross on Tuesday April 02, 2019 @05:56PM (#19558978)

> Steal 17 million dollars from investors, literally not a day in jail

We saw similar comments following the SEC fining Elizabeth Holmes. Criminal investigations take longer than civil proceedings, and the SEC doesn't have the power to bring the former.

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Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by CPLX on Tuesday April 02, 2019 @06:50PM (#19559332)

Elizabeth Holmes is in jail?

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Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by dragonwriter on Tuesday April 02, 2019 @07:34PM (#19559581)

She's currently out on $500,000 bail while the criminal charges against her proceed, but prison time is at issue with the charges.

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Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by estro on Tuesday April 02, 2019 @07:06PM (#19559426)

No(t yet): https://en.wikipedia.org/wiki/Elizabeth_Holmes#Criminal_char...

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Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by rokob on Tuesday April 02, 2019 @05:32PM (#19558786)

To be fair, this is just what the SEC can do. DOJ can still file charges that lead to jail but they take longer.

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Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve... by willio58 on Wednesday April 03, 2019 @09:32PM (#19568634)

Pshh 17 million? Try the entire housing market collapse 11 years ago that sent the U.S. economy into a recession. I think one guy was put behind bars IIRC? Now _thats_ America.

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