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"The complaint also alleges that L. Palmer later reimbursed the client by check for the purchase cost of the options, scribbling in the check's memo line the wo
by kyleblarson 4y ago
"The complaint also alleges that L. Palmer later reimbursed the client by check for the purchase cost of the options, scribbling in the check's memo line the words, "Blue Horseshoe," an apparent reference to the coded language used to convey inside information in the 1987 movie Wall Street."
How can people be so idiotic?
- duxup 4y agoThey thought it was over an had already gotten away with it. Not entirely like the main character at the end of that film when he is walking into the office … Maybe they never saw the ending?
- bad416f1f5a2 4y agoAn acquaintance of mine is a US Attorney. We got talking “crime and criminals” once and his comment stuck with me: essentially, all criminals have two full-time jobs. First, you have to advance your criminal enterprise. But second you have to not get caught. And just like your typical salaryman, criminals have off days, get lazy and phone it in, or get cocky and think they’re pulling one over on the boss. And all the while he has dozens of highly paid investigators with one job: to catch people slipping. Most importantly, while the criminal has to be perfect all the time, his investigators just have to be right just once.
- jamiek88 4y agoYep. Silk Road and Ross Ulbricht being the poster child for that. He made one early mistake. It having said that it was probably inevitable he’d make another one very few people have the temperament for proper opsec and what’s the point of being young, rich and powerful if you can’t enjoy the benefits?
- slig 4y ago>How can people be so idiotic? The non-idiotic don't get caught.
- anonporridge 4y agoWhy are all convicted criminals such idiots? Because law enforcement isn't competent enough to catch the intelligent criminals.
- ClumsyPilot 4y agothe intelligent ones are running the show
- euroderf 4y agothe intelligent ones use law enforcement to weed out their profession
- __derek__ 4y agoThis has to be a new addition to Matt Levine's Rules of Insider Trading (i.e. don't refer to depictions of insider trading in popular media while insider trading). I'm really excited for the Money Stuff on this.