"Companies were seized, assets were frozen and lives were upended" as a result of misconduct by prosecutors for the U.S. Securities and Exchange Commission, a federal judge said while dismissing a civil fraud case against Utah cryptocurrency brokers and awarding the brokers $1.8 million in attorney fees. U.S. Chief District Judge Robert Shelby upbraided the commission, saying it recklessly used "layers of false statements" in a "gross abuse of power," saying their misrepresentations were "deeply troubling" and undermined the integrity of the judicial process, before dismissing its case May 28 and ordering payment of fees that will ultimately be financed...
