The burden of proof for criminal charges is the other way around. I can think of a few ways he could "in a world of hurt" without being found guilty of criminal

The burden of proof for criminal charges is the other way around. I can think of a few ways he could "in a world of hurt" without being found guilty of criminal charges; in fact without any formal burden of proof: * A trial or even just discovery for a trial and having to pay lawyers more than he gained from selling this stock. * Angry shareholders or even board members could demand consequences such as docked pay or termination. * Negative media attention such as this article.