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> The timing is extremely suspicious. But - if they can prove they didn't know, they're in the clear. Burden of proof for criminal cases is the other way aroun
by thephyber 9y ago
> The timing is extremely suspicious. But - if they can prove they didn't know, they're in the clear.
Burden of proof for criminal cases is the other way around. They will likely spend lots on legal fees just trying to prove they didn't know about the hack at the time they decided to sell. They will likely end up settling out of court (guilty or not) because that's how the US legal system works.
Also important -- July 29 is when Equifax claims they noticed the issue.
- goialoq 9y agoWhat actually happens is that they get interviewed repeatedly. If they get caught in a lie (like Martha Stewart), they face criminal penalties for perjury. If they keep their story straight, they are acquitted.