So is this securities fraud? Also, I’m guessing if he sold any stock he’ll go down for insider trading since he knew he was going to bail right? So either he’s

So is this securities fraud? Also, I’m guessing if he sold any stock he’ll go down for insider trading since he knew he was going to bail right? So either he’s in for a huge loss as the sale falls through or if he sold he’s in for a huge fine right? I mean outside of the 1b penalty of cause.