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Multiple SEC lawyers are resign ing after a federal judge sanctioned the agency for false statements & abuse of power in a crypto case. Lawyers Michael Welsh and Joseph Watkins represented the SEC in their case against Digital Licensing Inc., AKA DEBT Box. They stepped down this month after an SEC official told them that they would be terminated if they stayed, according to sources familiar with the matter. JUST IN: Multiple SEC lawyers resign after a federal judge sanctioned the agency for false statements & abuse of power in a crypto case. — Watcher.Guru (@WatcherGuru) April 22, 2024 Federal district court judge Robert Shelby ruled that the regulator’s lawsuit against DEBT Box was marred by false statements and misrepresentations. Furthermore, he and the court ruled that the SEC was abusive of their power throughout their investigation into DEBT Box. Judge Shelby decided to sanction the agency for abuse of power in March. The SEC’s head of enforcement has since apolo

Lawyers in the ongoing court battle between mining billionaire Andrew Forrest and Facebook’s parent company Meta say that Meta’s request for further case documents is “oppressive,” “an abuse of process,” and “goes against client privileges.”   The iron ore tycoon is suing Meta over a series of Scam Crypto currency advertisements bearing his likeness that appeared on the site in 2019. Forrest launched legal action in February last year and also claimed that Meta breached anti-money laundering laws. As reported by WAtoday, Forrest’s lawyer disputed the summons at Perth Magistrates Court on Monday, saying, “The documents sought lack a legitimate forensic purpose and have no relevance to the case.” She added, “Given how long this has been going on, the length of time this has been ongoing, your honor ought not to make further orders for disclosure .” Meta wants personal emails Documents request ed by Meta include personal emails with Forrest’s lawyer s and expert witnesses, repor