3 ms·
Yeah but insider trading is different than fraud. The line is blurry, but I'm sure everyone at that level has some level of inside knowledge they have traded on
by positr0n 9y ago
Yeah but insider trading is different than fraud. The line is blurry, but I'm sure everyone at that level has some level of inside knowledge they have traded on at one time or another.
Holmes on the other hand was directly defrauding investors, why would you want her on an executive team/board trying to get investments?
- scarmig 9y agoBecause she's a proven executor on defrauding investors?
- vkou 9y agoThe problem with insider trading is that it creates perverse incentives. It, in itself, does not necessarily defraud. If I work for Apple, and I sneak a glance at their balance sheet, and short its stock, I did not rob APPL shareholders. It's still illegal, and insider trading (Because otherwise, I'd have an incentive to actively sink the company, while benefiting from a short.)