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> You are expecting celebrities and their agents to have more investigative power and discretion than the SEC and the DOJ. FTX did not have a CFO. It would not
by richbell 3y ago
> You are expecting celebrities and their agents to have more investigative power and discretion than the SEC and the DOJ.
FTX did not have a CFO. It would not have taken much due diligence to figure out that something seemed fishy.
The SEC and DOJ make prosecutorial decisions and therefore need to meet a high burden of evidence. All a celebrity (& their team) needs is a feeling that something doesn't seem right.