SEC obtains final consent judgments against former FTX and Alameda executives
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Re: SEC obtains final consent judgments against former FTX and Alameda executives
#2[flagged]
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#3> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also consented to a 10-year officer-and-director bar, and Wang and Singh consented to 8-year officer-and-director bars.
That’s a really light sentence for someone who defrauded people out of billions. Meanwhile many languish in prison for a lot less. It’s a two tier justice system, and the wealthy can get out of consequences with the right connections or donations.
Next up, Elizabeth Holmes - once her family donates enough to the MAGA PAC.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#4> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also cons…
100%
Even if you "cooperate", that shouldn't be an 80-90% sentence reduction. She was part of the fraud, consciously, for years!
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#5Mismatch of title; linked article is not about her release. For that, see https://news.ycombinator.com/item?id=46728538
But it's true: master has given Dobby a sock
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#6Yes she cooperated and pleaded early, but damn, she got off easy compared to SBF.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#7[flagged]
She's probably one of the most hated person in crypto...
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#8> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also cons…
> That’s a really light sentence for someone who defrauded people out of billions
I don't excuse anything that she did, but didn't 98% of investors get everything back with interest?
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#9[flagged]
She's probably one of the most hated person in crypto...
There are hundreds of shady crypto projects in the world right now, each one shadier than the last.
World order is out of the door, and has been for a while -- they are all probably fighting amongst themselves to get her onto their board ASAP.
Re: SEC obtains final consent judgments against former FTX and Alameda executives
#10> Without denying the Commission’s allegations, Ellison, Wang, and Singh consented to the entry of final judgments, subject to court approval, in which they agreed to be permanently enjoined from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and to 5-year conduct-based injunctions. Ellison also cons…
100% Even if you "cooperate", that shouldn't be an 80-90% sentence reduction. She was part of the fraud, consciously, for years!
Even if we all agree this is true, you still have to think practically. If we don't give a big incentive to turn on your co-conspirators, no one will turn and you might not be able to convict any of them.