Former SEC official: Binance criminal indictment may have been sealed

2023-06-13 14:44:52

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ChainCatcher news, according to The Block, former head of the Internet Enforcement Office of the U.S. Securities and Exchange Commission (SEC) John Reed Stark believes that the U.S. Department of Justice may have already submitted a criminal indictment related to Binance, viewing money laundering charges as a way for the DOJ to take action.

Reed added, "To me, the complaints from the CFTC and SEC read more like criminal indictments, filled with allegations of fraud, deception, obstruction of justice, and money laundering. There is no concentrated focus on money laundering in the cases, which leaves room for the U.S. Department of Justice to outline and reserve prosecutorial space for criminal litigation related to Binance. The DOJ is working with the SEC, CFTC, and several informants/whistleblowers, and the next issue to address is the submission or unsealing of criminal charges related to Binance."

It is reported that John Reed Stark served at the SEC for 19 years and is the former director of the SEC's Internet Enforcement Office, currently serving as a senior lecturer at Duke University School of Law.

ChainCatcher reported this morning that Binance.US has hired four lawyers, including a former co-head of the SEC's enforcement division, for its defense. (Source link)

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