Quote:
Originally posted by bilmore
(Unless, I suppose, they can show that they had to spend a bunch of extra time or money investigating that they could have avoided had she come clean right away - but I don't really see that here.)
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One account I read suggested that the motivation was something like that: basically they were pissed off when they discovered she had lied. They would have let her go with the SEC fine/disgorgement had she fessed up, but when they realized she tried to cover up and lie, they went after her.
I suppose it has pretty good value as a deterent
