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FTX US wasn't doing it either. They did it outside of SEC jurisdiction.
by SXX 4y ago
FTX US wasn't doing it either. They did it outside of SEC jurisdiction.
- sillysaurusx 4y agoAnimats disagrees. https://news.ycombinator.com/item?id=33556651 https://news.ycombinator.com/item?id=33556651 SBF being a US citizen was an angle I hadn’t considered. The US does have jurisdiction over its own citizens, even if they’re operating in other countries. So the question becomes to what extent has SBF defrauded US investors.
- nocoiner 4y agoThere’s plenty of jurisdiction here. Assuming that there’s an indictable offense here, all SBF has to do is connect through the wrong airport one time at some point during the rest of his life, and he’ll find himself back in the US.
- from 4y agoAny transaction that involves dollars involves American banks due to correspondent banking. That means there's jurisdiction in the EDNY or SDNY because that's where all the banks are. America also has jurisdiction over its citizens conduct. It may not be the SEC or even a securities fraud prosecution but if the government can find emails or logs that show intent or show that he was sending money to Alameda and trying to evade internal compliance controls he can be found guilty of wire fraud. The fact that he owns most of Alameda doesn't help him either.