• GroundedGator@lemmy.world
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    6 months ago

    SEC is only responsible for regulating, they have no ability to try/convict/imprison. I believe they did refer this case to the FBI.

    Just to point this out, I think prison sounds like a fine idea for this guy, but he’s been dealt a serious blow. Besides being fined 16M (2M personally), he’s likely lost his ability to earn as an accountant. I doubt he could get a job as a cashier at this point.