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I wonder, how many cases of insider trading by NSA employees and their extended families have been prosecuted much less investigated?
by natch 11y ago
I wonder, how many cases of insider trading by NSA employees and their extended families have been prosecuted much less investigated?
- skolor 11y agoI would imagine it's at least somewhat rare. The indicators for espionage and insider trading are quite similar: most spies are caught because of sudden affluence. Making a ton of money off insider trading is going to set off a lot of red flags and likely trigger an investigation.
- mark212 11y agotell that to Aldrich Ames. His coworkers reported him in 1989 for living a life of affluence (if I recall right, he bought a brand new Jaguar and actually drove it to CIA headquarters, even though he wasn't making more than $65k a year or thereabouts). But he wasn't arrested until 1994.
- mahyarm 11y agoSo if he practiced stealth wealth like many wealthy americans do, he would be less likely to be caught?!
- nerfhammer 11y agoWhy would the NSA monitor everyone in the world but not its employees' activities on their internal databases? Security within the NSA would have to be pretty terrible if employees were running their own hedge funds on the NSA's data without the NSA noticing. That said if it did somehow happen they might be prosecuted against intelligence laws rather than financial law so they wouldn't have to reveal aspects of their internal data into public evidence in an insider trading trial.
- seiji 11y agoWhy would the NSA monitor everyone in the world but not its employees' activities on their internal databases? Did you really just ask that?
- stephengillie 11y ago> Security within the NSA would have to be pretty terrible if employees were running their own hedge funds on the NSA's data without the NSA noticing. I believe this is one of the points that Edward Snowden was trying to make. He himself could have had a hedge fund, and he could have used private information he gained in his NSA contracting before that information became public knowledge. Hell, his coworkers were getting in minor trouble for stalking their exes.
- influx 11y agoBe real, Top Secret clearance checks routinely look at finances, and employees are told to report colleagues purchases that seem out of place. Not necessarily because they are running a hedge fund, but more likely are receiving money from the "KGB" to steal secrets.
- andy_ppp 11y agoBut who is going to make sure of the spy's spying on the spy's? We actually live in a situation where the government has more power than the Starzi and everyone has passively accepted this. The end of freedom with zero violence and complete obedience. Not to worry I'm sure the people in charge will always use these systems to do good things. Please don't come get me! Thanks.
- natch 11y agoYou missed the part where I said "extended families"?
- seiji 11y agoNSA not required. Our politicians are immune to insider trading laws: https://firstlook.org/theintercept/2015/05/07/congress-argues-cant-investigated-insider-trading/ https://firstlook.org/theintercept/2015/05/07/congress-argue...