Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by winstonprivacy on Tuesday December 13, 2022 @09:07AM
(#33969037)
It's not that curious at all really.
The SEC is authorized to pursue criminal cases for securities fraud (among many other things). Furthermore, they can refer criminal cases to the Dept of Justice, which has almost certainly happened.
To the extent that FTX defrauded consumers, these will be reflected in civil and criminal cases.
To my knowledge, the SEC does not protect deposits in the event of bankruptcy. Most individuals with assets on deposit at FTX are unsecured creditors.
The SEC is authorized to pursue criminal cases for securities fraud (among many other things). Furthermore, they can refer criminal cases to the Dept of Justice, which has almost certainly happened.
To the extent that FTX defrauded consumers, these will be reflected in civil and criminal cases.
To my knowledge, the SEC does not protect deposits in the event of bankruptcy. Most individuals with assets on deposit at FTX are unsecured creditors.