SEC to close Salt Lake office after 'gross abuse of power' in Utah crypto case

KSL ^ | 6/5/24 | Collin Leonard

[LiberalismDestroys]

The U.S. Securities and Exchange Commission announced Tuesday it will be closing its Salt Lake office later this year. The news comes just a week after misconduct by commission prosecutors led to the dismissal of a civil fraud case against Utah cryptocurrency brokers and the awarding of $1.8 million in attorney fees."Companies were seized, assets were frozen and lives were upended" as a result of misconduct by SEC prosecutors, a federal judge said while dismissing a civil fraud case against Utah cryptocurrency brokers and awarding the brokers $1.8 million in attorney fees.

[Da Coyote]

Methinks ‘twould be far more simple to name the gubmit agencies that are not corrupt than the billions and billions that have been proven so.

Any suggetions?

[Auntie Dem]

I think this has to do with the SEC trying to thwart collection efforts on the $1.6M judgment. If the judgment is only against the SEC the creditor can only go against SEC assets in Utah. If they have no assets here the creditor would have to incur additional legal fees and time to get a judgment where there are assets.

[Tell It Right]

Personally I think the higher up Dims have told the Dims in the SEC that there’s contributions coming in from shady crypto, so quit leaning hard on these crypto boys or if Trump’s in office he can lean hard on bigger crypto boys.

[Parley Baer]

Looks like another form of lawfare from the Biden Administration.

[j.havenfarm]

Ummm. no. Judgments against federal government agencies are payable by claim to the treasury
https://www.justice.gov/jm/jm-4-10000-judgments-against-government

[MeganC]

Good luck collecting on that $1.8m award.

[Gary from Dayton]

List of government agencies that are NOT corrupt:
1.