I color coded it to encourage reading.
Sigh....I read the above and if it is like other cases in the USA I see "settlement" ie massive fines maybe BFL the corporation takes the blame..the defendants are allowed
to take a walk with no jail time or fines..in that they are protected by the corporation on all this.....this means the corporation unable to make enough even w/o the fines
to survive....takes the dive for the individuals ...the gov't calls it a win...and the defendants get away with it....
this is i hope my baseless fear on the above FTC case
as to the coming imho IRS case.....that imho will be a whole nother kettle of fish......( i am assuming there will be such?)
but again ...just venting my fears here....reading the documents on the case ... if I was Josh I'd sing like a canary and settle......but then again megalomania has its own
methods of self destruction...so that is even less likely then BFL winning
Providing that the Corporation was entirely and truly separate from the individuals then yes the legal issues would be levied primarily against the Corporation. I have seen a lot of evidence that principals have used the Corporations balance sheet as a personal piggy bank. This opens up ways of "Piercing the Corporate Veil". Actually since the board of directors seems to be primarily principal investors and those investors seem to have managerial jobs I'm pretty sure there isn't much to save the investors, board of directors, or managers monies either. In theory the Corporation gets charged as the people who own it do not make decisions in the day to day operations. Take owners of a stock. Lets call it Verizon. As an owner you get to have your say in the businesses direction every 3 months or once per quarter. Now lets say (unrealistic) VZ decided to sabotage their competitions towers. As a shareholder You would be not held liable for said business practices. On the other hand if the CEO ordered someone to actually commit the sabotage especially if there happened to be a monetary trail one could levy charges against the CEO and their co-conspirators.
I believe that the main charges so far will likely carry no jail time unless someone can prove the deception was purposeful and the intent was to defraud. I can't be sure those merits would be met per se. I can't be sure that is the only way to entrain the defendants. I am expecting there will be other charges. Sonny's free housing, Josh's house, monies drawn out of the Corporate funds to pay for personal debts, or items. Embezzlement is a crime. The FTC doesn't have purview over it but it is a crime. I am sure the FTC isn't the last action BFL will see.
I do hope there is enough comingling of finances to see all principals charged individually as well and that those charges not only stick but are of the highest punishment available. Heck with a jury maybe someone can "suggest" a more appropriate punishment.