Is this deal something the SEC can throw the book at? I mean it's quite obvious that this is an inside deal with front companies to gut a public non-profit just

Is this deal something the SEC can throw the book at? I mean it's quite obvious that this is an inside deal with front companies to gut a public non-profit just less than 4 years after ICANN stopped being supervised by the Department of Commerce. How is this legal and why isn't it being criminally investigated?