Just as in the Cuban case, the SEC presents one side of the case in the filings. JBI filed a response that countered the SEC allegations. Unlike Cuban, JBI didn't have the deep pockets it takes to go to court where BOTH sides are considered.
A business decision was made to settle.
New Money's argument (about the shit-canned chief investigating officer) got it right as well:
Now the lowdown underhanded lawyer that got shit canned for the failed attempt to destroy the company for monitary gain?
She had to find another, lower paying job and left the state.