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Exactly. I stick by my prediction from the thread when this came to light... he’s going to prison or at least going to be ruined, and someone at the SEC is goi
by QAPereo 9y ago
Exactly.
I stick by my prediction from the thread when this came to light... he’s going to prison or at least going to be ruined, and someone at the SEC is going to make their career.
https://news.ycombinator.com/item?id=16067322 https://news.ycombinator.com/item?id=16067322
- RachelF 9y agoI doubt it. The very rich seldom go to prison, especially if they are US citizens at US companies. Intel can afford very good and very many lawyers for him. Intel may pay a fine to the SEC, after many years.
- QAPereo 9y agoThis won’t be Intel on the hook, or paying fines, and the SEC is the proverbial sleeping dragon. Do not pull the tail. They have a long arm, and high profile cases make careers.
- jjeaff 9y agoCNBC's American Greed is a good place to see how wealthy people are being prosecuted and sent to jail on a regular basis. Martha Stewart did some time for what appears to be much less than what the Intel CEO has done. And as far as the general public is concerned, she is much higher profile and was likely quite a bit wealthier than Brian Krzanich.
- didgeoridoo 9y agoNot quite — Martha Stewart was convicted of conspiracy, obstruction of justice, and lying to investigators. You can get away with a lot of things if you’re rich, but annoying federal prosecutors is rarely one of them.
- bduerst 9y agoI'm not sure if Martha Stewart is on par with the Intel corporation, but she is worth half a billion dollars, so I digress.
- jjeaff 9y agoBy "higher profile", I just mean as far as the general public is concerned. I've worked in tech my whole life and I couldn't have told you who the CEO of Intel is. But everyone knows Martha Stewart. It's a Good Thing®
- dingo_bat 9y agoInsider trading is one of the few things that can still put rich people in jail, though.
- Aaargh20318 9y agoProbably because of it’s potential for harming other rich people.
- deleted 9y ago[deleted]