Posted 3/20/2024, 8:01:19 PM
Judge Sanctions SEC for Gross Abuse of Power in Crypto Fraud Case After Misleading Statements
- Judge sanctions SEC for making false and misleading statements in crypto fraud case against Digital Licensing Inc./DEBT Box
- SEC acknowledged lawyer inaccurately claimed defendants closed 33 bank accounts right before hearing
- In reality, no accounts were closed then and only 24 were shut down total
- Judge calls SEC's conduct "gross abuse of power" that undermines case integrity
- Judge orders SEC to pay attorneys' fees and costs related to temporary restraining order against DEBT Box
