The case asks whether federal agencies can continue to do something that they've done for more than a century and that no court (including SCOTUS) has ever forbidden: adjudicate the government's claims against a private party for violating 'public rights' established by Congress.
A right-wing talk-radio host, Jarkesy created two hedge funds that managed $24 million in assets. He and his firm lied to their 120 investors about where their money was going while dramatically overvaluing holdings to justify extortionist management fees.
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