Quote from: Alpha Marine on Today at 04:57:15 AM

Quote from: sunsilk on December 14, 2023, 11:57:31 PM

IMHO, there's not that much difference at all whether they chase Binance or CZ since he's part of the company, owner of it when all of the acts had done. But then, I am not a lawyer, I am not the government so let it all be to them.

I asked that because, from my little understanding of business law, there's something called "the entity concept". This means that the person/people who own the company are different entities from the company.
Elon Musk might have a charge against him but none of his companies would be in court. Likewise, his company might have a court case, but it doesn't mean he's the person standing trial.

I may be wrong, but if Binance was committing fraud and the company was involved in it, then the whole company would be sued or at least the board that was involved, but if CZ alone was committing fraud, either through Binance or other means and the company was not involved then he'll be sued alone.
The company won't be going to court, but it's still bad news for the company because it taints their image.

I think that you are right with that because with my understanding as well, either Binance or CZ have been on the track and eyes of the regulators. But since then the bail has been made, it was for Binance so, the company is already safe at all.

Now that the litigation goes to CZ and it was for the admission of fraud that has been done during his leadership. I guess on how the company bailed out, he can also do it on his case. Otherwise, people are thinking about the same fate or close to SBF.