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How does that make the above statement any less ridiculous? Isn't that exactly what he or she is pointing out? That the system is explicitly preventing these pe
by Boxxed 9y ago
How does that make the above statement any less ridiculous? Isn't that exactly what he or she is pointing out? That the system is explicitly preventing these people from serving jailtime?
- mikeyouse 9y agoNo. The system doesn't do any such thing. Since the SEC only deals with civil penalties, they can act quickly and without the certainty required for criminal convinctions. They can also refer cases to the Justice Department, who can (and do) levy criminal charges. Just because the SEC is the only body to publicly announce a resolution doesn't mean that Holmes or Theranos are off the hook criminally. The Obama DOJ initiated a criminal investigation in 2016 that is apparently still active and could absolutely result in jail time: https://www.nytimes.com/2016/04/19/business/theranos-sec-justice-department-investigation.html https://www.nytimes.com/2016/04/19/business/theranos-sec-jus...