The United States Attorney's Office for the Southern District of New York is investigating OceanGate, the company behind the Titan submersible that imploded, resulting in five deaths.
OceanGate's corporate structure is complex, involving multiple entities including three for-profit US companies and a nonprofit dedicated to oceanographic research, complicating financial investigations.
The probe may involve forensic accountancy experts and the US Postal Inspection Service, renowned for addressing fraud and money laundering, indicating significant concerns regarding OceanGate's financial practices.
The tragic implosion has led to both federal investigations and a civil suit, highlighting the serious legal ramifications for the company and its leadership.
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