Regardless there are other things going for them that will involve criminal liability for them.
Almost certainly true, it is difficult to imagine other agencies not coming in for round two. What is amusing somewhat is that the FTC shit is going to feel like fun time to BFL when round two starts. In all probability it only gets worse from here for a lot of people involved with the scam. My only point was the SEC is unlikely to weigh in on BFL.
Josh's GLBSE's dealings come to mind.
That's Josh not BFL, the post I quoted mention the SEC coming after BFL and I think that is extremely unlikely given what we know now.