> But "duped" is not exactly the right word. Libya knew it was betting on bank stocks to go up, and those stocks went down. It's not claiming fraud. It's claimi

> But "duped" is not exactly the right word. Libya knew it was betting on bank stocks to go up, and those stocks went down. It's not claiming fraud. It's claiming "undue influence." The problem is not that Kabbaj was lying. It's that he was too charming. Libya isn't saying it was duped. It's saying it was seduced. Interesting twist here. I guess it must be hard to discern for someone who has lived in this trade for so long, and used this mindset as the core of his trade for most of his career but there are simple things that technical people (or even just lawyers) will easily discern: omissions and hiding of a client's best interest. If you know something is wrong in a company and you don't tell it to your employer, in many fields, that makes you at least negligent. If you know something is wrong and you don't tell it because it causes personal gain to you, it is actually illegal in most jobs and likely criminal. If you are paid for giving advices in the interest of your consumer and you hid an honest assessment of risks because you profit in your client's risky behavior, yeah, that's fraud. A doctor prescribing an addictive medicine, an IT guy selling a faulty software because he got share in the selling company, etc...