Re:SEC Charges Kik With Conducting $100M Unregistered ICO
by JackFr on Tuesday June 04, 2019 @05:20PM
(#20099373)
> But they have that money today. They can spend it on lawyers.
Lawyers know that they cannot be paid with that money. If they lose it will be forfeited. Similarly you can't rob a bank and use the money to pay your lawyer.
> It’s not like anything will happen to the executives.
That's absolutely not true. It's not unreasonable to expect that the SEC might refer people to the DOJ for criminal prosecution and jail time would send a nice signal.
Lawyers know that they cannot be paid with that money. If they lose it will be forfeited. Similarly you can't rob a bank and use the money to pay your lawyer.
> It’s not like anything will happen to the executives.
That's absolutely not true. It's not unreasonable to expect that the SEC might refer people to the DOJ for criminal prosecution and jail time would send a nice signal.