Background:
The SEC filed a motion with the Federal Court in Utah asking for the unprecedented legal manuever the right to freeze all the assets and bank accounts of a cryptocurrency company DeadBox during the early stages of the SEC investigation. The SEC was granted this motion, but upon the Federal Courts Review of the evidence the SEC provided the Court to Support this unprecedented seizure of assets and frezing of bank accounts it found the file filled with falsehoods and misrepresentations of the facts supplied by the SEC to the Court. Basically lies and falsehood.
#threadstorm
*"Each piece of support the Commission offered in seeking the TRO – and then later reiterated in defending the TRO – proved to be some combination of false, mischaracterized, and misleading," the order said. "Further, the Commission not only repeated and affirmed its misrepresentations in the face of contrary evidence, it presented new falsehoods to the court in an effort to subtly shift from its previous misrepresentations without acknowledging its previous errors."
Background:
The SEC filed a motion with the Federal Court in Utah asking for the unprecedented legal manuever the right to freeze all the assets and bank accounts of a cryptocurrency company DeadBox during the early stages of the SEC investigation. The SEC was granted this motion, but upon the Federal Courts Review of the evidence the SEC provided the Court to Support this unprecedented seizure of assets and frezing of bank accounts it found the file filled with falsehoods and misrepresentations of the facts supplied by the SEC to the Court. Basically lies and falsehood.
#threadstorm
*"Each piece of support the Commission offered in seeking the TRO – and then later reiterated in defending the TRO – proved to be some combination of false, mischaracterized, and misleading," the order said. "Further, the Commission not only repeated and affirmed its misrepresentations in the face of contrary evidence, it presented new falsehoods to the court in an effort to subtly shift from its previous misrepresentations without acknowledging its previous errors."