Re:Tether Fined $41M for Lying About Reserves
by dragonwriter on Saturday October 16, 2021 @05:58AM
(#28886725)
> Fraud is a crime.
CFTC does not prosecute crimes. CFTC could make a referral to DoJ, but where a regulatory agency can both engage in civil enforcement actions and make criminal referrals, even when it does both in the same case, the civil action will usually be filed and often resolved before any visible action (indictment, etc.) on the criminal referral.
So, the resolution of the civil case doesn’t mean anything with regard to any potential criminal charges.
Re:Tether Fined $41M for Lying About Reserves
by honksillet on Friday October 15, 2021 @10:25PM
(#28885067)
Yeah, so the DOJ would need to prosecute.
Fraud is a crime.