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The harm may be obvious, but that’s not the same thing as proving criminal guilt beyond a reasonable doubt. Not sure why anyone would think FTX/Alameda would be as easy to investigate as the Fyre Festival.

People don’t get arrested when they’ve done something bad. People get arrested (for federal crimes) when a prosecutor gets a grand jury to believe there’s probable cause they’ve committed a crime.

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By all accounts, convicting grand jury is super easy. They will stamp whatever prosecution wants. But, getting ready for actual court takes time and early arrest don't always matter

Grand juries don't convict. But yes, there's the old "I can indict a ham sandwich" line. Even so, the process still takes time, and even then, you don't get an indictment unless you think you've got a case you can win. What evidence does DOJ have at the moment?

>What evidence does DOJ have at the moment?

Only the DOJ knows the answer to that.

I find indictments fascinating, in part, because they pull back the curtain on what is frequently an impressive investigation and body of evidence.

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