ICP has denied the S.E.C.'s allegations in court filings and said that the company acted in good faith, did not make misleading statements and did not intend to defraud its investors.
"Government officials have to use their common sense dealing with these organizations when they're not trying to defraud and cheat," he said.
Mr. Ellis, 26, said in court that he had not intended to defraud the copyright holders of the songs downloaded through OiNK.cd, and that he had set up the Web site "to further my skills.
It's a fine line we walk because the vast majority of people are not trying to defraud the system and we have to weigh how to make it as easy as possible for American citizens to vote, versus how to prevent people from voting who are not citizens".
It also means that the director is not acting to defraud.
He wasn't trying to defraud anybody or gain anything, his lawyers argued; he just wanted his father's views represented.
Now comes Alaska, which lets you create a trust for your own benefit that is immunized from creditors' claims;again, provided you weren't trying to defraud known creditors.
And what happens next is precisely what is supposed to happen when companies don't collude to defraud their employees of fair-market wages: Google coughed up more money to improve its retention.
