4 ms·
Of all the people to end in jail, this minor guy is the one? He clearly is not some major criminal but small opportunist.
by desireco42 8y ago
Of all the people to end in jail, this minor guy is the one? He clearly is not some major criminal but small opportunist.
- 21 8y agoGetting hacked, even if you were negligent, is not yet really a crime. Insider trading is.
- paulie_a 8y agoIt should be.
- jryan49 8y agoI think it makes sense. The minor guy doesn't know how to avoid getting in trouble like the bigger guys probably do.
- rhizome 8y agoGoogle a thing called "Fallacy of relative privation." Large crimes do not excuse smaller ones.
- wuliwong 8y agoI don't think that is what OP was saying at all.
- ModernMech 8y agoFunny though, small crimes always seem to be used to distract and deflect from the fact that no on ever gets punished for the large ones.
- tawy1031 8y agoI believe the GP is making reference to the Equifax executive that sold a lot of stock right before the announcement of the data breach.
- rhizome 8y agoWe don't disagree.
- wuliwong 8y agoI was really surprised to see this was getting so much attention when the amount of money he made was only $75,000.
- jessaustin 8y agoThe point of insider trading laws is to punish small-time defectors from the conspiracy of silence that corporations cultivate. In that way, the executive class may make information public at times of their choosing, so as to maximize their own gains. If the typical defendant were a wealthy politically-connected WASP senior VP, the crime would quickly cease to exist.