WASHINGTON - The U.S. Supreme Court on Friday agreed to hear a challenge to the ability of the Securities and Exchange Commission to recover ill-gotten profits obtained through misconduct in a case from California that could weaken the agency’s enforcement power.
The nine justices agreed to hear an appeal by California couple Charles Liu and Xin Wang contesting a 2016 civil action brought against them by the SEC. The SEC won a court ruling in 2017 requiring Liu and Wang to disgorge almost $27 million, the same amount they raised from foreign investors to build a never-completed cancer treatment center.
Under the federal EB-5 visa program, wealthy foreigners can in effect buy U.S. immigration visas for themselves and families by investing at least $500,000 in certain development projects. Liu and Wang transferred millions of dollars to their personal accounts and the center was never built, the U.S. government said.
materia1wor1d 5/4 it will be a massive gift to the criminal white collar oligarchs and corrupt pols
So let me get this straight, the fascist contingency on the SCOTUS are about to rule that: Police stealing money from the poor: totally cool and legal Police seizing ill gotten gains of financial crimes: illegal We are beyond illegitimate, these SCOTUS Justices are criminal.
Another Article of Impeachment?
🤔 who would want to weaken the FEC 's enforcement abilities? Class war anybody?
Late stage capitalism about to go into hyperspeed mode
Charles Liu and Xin Wang? GUILTY! Need I say more?
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