SEC charges YouPlus and CEO with defrauding investors

Re:SEC charges YouPlus and CEO with defrauding investors by dragonwriter on Monday July 20, 2020 @08:39PM (#23903341)

> I’m surprised the DOJ hasn’t charged them with a crime yet.

When both civil SEC charges and criminal charges by DOJ emerge out of the same act, the former is often well ahead of the latter, so, when civil charges are filed without concurrent criminal charges, one shouldn’t read too much in to it.

Though, as a reply points out, that separation does not actually apply in this case.

EDIT: corrected error of ordering pointed out in a reply, and expanded somewhat for clarity of intent.

[ Parent | on HN ]

Re:SEC charges YouPlus and CEO with defrauding investors by etimberg on Monday July 20, 2020 @09:21PM (#23903528)

From the article

> In a parallel action, the U.S. Attorney’s Office for the Northern District of California today announced criminal charges against Shamim.

[ Parent | on HN ]

Re:SEC charges YouPlus and CEO with defrauding investors by kbenson on Monday July 20, 2020 @08:57PM (#23903427)

So, since DOJ criminal charges awe usually well ahead of SEC civil charges, that means we probably won't see them? Or did you mix up some of the ordering there (as the wording makes it look like maybe you were trying to say we might see DOJ charges eventually because they take longer).

[ Parent | on HN ]