4 ms·

This isn't insider trading. It's tax fraud.

• tedunangst 5y ago
  Nobody cares what it is or isn't. They're rich, they're bad, they need to be punished.
  • loeg 5y ago
    We can easily be clear and correct in describing malfeasance, so why not avoid the confusion of making obviously false statements?
    • singlow 5y ago
      /s
• zzt123 5y ago
  I believe they’re saying that the Medallion fund which RenTech runs is an insider trading scheme, probably due to the incredible rate of return over decades. And that for RenTech to agree to this penalty implies they have a ton of money sitting around that they shouldn’t, given the capacity constrained nature of the Medallion fund. On these I have no opinion. I may have misinterpreted the commenter.
  • creato 5y ago
    > And that for RenTech to agree to this penalty implies they have a ton of money sitting around that they shouldn’t, given the capacity constrained nature of the Medallion fund. They might know they would definitely lose in court, and end up with a bigger penalty (on top of more legal expenses).