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[MSN|FORTUNE] While there will be civil lawsuits as customers and investors try to recover what’s left of FTX’s assets, the Justice Department is also reported to be investigating, raising questions of whether the agency will file criminal charges, and whether SBF could see the inside of a prison cell.
Even if the facts seem may seem damning on the surface, lawyers contacted by Fortune cited two potential obstacles to any criminal conviction—though ones prosecutors could likely overcome.
The first is jurisdiction.
Since FTX is an offshore business with headquarters in the Bahamas, and did not cater to Americans, defense lawyers could argue the actions of its executives are beyond the reach of U.S. law enforcement. [FULLSTORY]
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