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From my limited understanding, he broke the law but was able to return all the funds to investors. So there weren't damages per se, but I think statutory penalties instead.

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SEC cannot bring criminal charges. The Justice Department can. We will see if they do in the case of Elizabeth Holmes.

Okay, interesting. Although it seems a bit strange that this would end up in Washington at the federal level, i.e. Justice Department.. I don't think that they have to deal with just any case of fraud, even big ones. But I could be mistaken.

But if the Justice Department handles this I wouldn't be surprised if this whole thing gets kind of, well, political..

Also, this somehow begs the question who brought the charges in Shkreli's case.

Well, that is also my limited understanding so far..

Is it accurate to say that he broke the law by misleading his investors?

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