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A comment on Founder of crypto lender Celsius Network arrested, charged with fraud. Parent comment

Re:Founder of crypto lender Celsius Network arrested, charge... by gamblor956 on Thursday July 13, 2023 @11:38PM (#36719209)
The point of the receivership was to recover the money for creditors, not investors. Investors are quite literally the last people who get a recovery from a receivership.

I'm not going to keep arguing with a non-lawyer about something I've been involved with as a lawyer, so this will be my last comment on the matter.

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Re:Founder of crypto lender Celsius Network arrested, charge... by jnwatson on Friday July 14, 2023 @01:07AM (#36719695)
While you are correct in the general sense, court-ordered receiverships due to SEC enforcement action are very much about recovering investor money in a fraud situation.

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_receiv...

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