4 ms·

Pam Bondi Implicated in as Much as $5.5M in Insider Trading

38 points by JumpCrisscross 3mo ago

JumpCrisscross 3mo ago
“If you live in New York, call. Call the Manhattan District Attorney at 212-335-9000 and ask the office to open a criminal inquiry into the April 2, 2025 sale.”
paulpauper 3mo ago
This is not as salacious as it sounds The deadline required a sale by early May. Nothing required a sale on the one day that mattered. This is the crux. Right, she had to meet a deadline in 90 days, so statically speaking, there was a 2/3 chance of selling it before April than between April-May. Also, in the 90-day window DJT stock fell from $31 to $25, but she actually happened to sell at close to the bottom, at $18.5. DJT would actually surge after she sold to $25. In other words, her timing was much closer to the bottom of the range. Moreover, knowledge of the impending tariffs had been long public. She, along with others, presumably knew Trump would enact tariffs, but the question was, how big. I don't see much evidence of her acting on non-public information, but rather that her timing was very bad.
- sgarman 3mo ago
  I guess tangentially related, if you do insider trading but do it poorly is it still a crime? I feel that if the answer is yes then your explanation about how the timing was bad isn't super relevant.
- JumpCrisscross 3mo ago
  Bondi “sold on April 2…Trump announced the tariffs that evening, after the market closed.” This is damning timing. At the very least, it merits subpoenas and investigation. The fact that a Congressman called for as much and was ignored, without recusal, by the accused also seems to suggest corruption charges.
  - andrewinardeer 3mo ago
    Are you seriously suggesting that there is corruption within the current administration?
    - JumpCrisscross 3mo ago
      > Are you seriously suggesting that there is corruption within the current administration? Cases with a clean throughline from evidence through the offence all the way to a specific state law aren't, at least to my lay understanding, as common as the crime.
- Simulacra 3mo ago
  It also doesn't seem to be anything different than members of Congress.
  - znpy 3mo ago
    Don’t take a look at nancy pelosi’s stock returns! /s
throwawaypath 3mo ago
[flagged]
- treetalker 3mo ago
  > Martha Stewart and her coconspirator went to jail for lying to the FBI. Jail ≠ prison.
  - throwawaypath 3mo ago
    Too US-centric, and English is not my first language. "Five months in jail for Stewart" http://news.bbc.co.uk/2/hi/business/3900401.stm http://news.bbc.co.uk/2/hi/business/3900401.stm
    - throwawaypath 3mo ago
      My OP that was [flagged]: "Martha Stewart went to federal prison for something smaller than this." Martha Stewart and her coconspirator went to jail for lying to the FBI. Not going to read an article when the first sentence gets a basic fact of the case wrong.
morninglight 3mo ago
PARDON ME!

“If you live in New York, call. Call the Manhattan District Attorney at 212-335-9000 and ask the office to open a criminal inquiry into the April 2, 2025 sale.”

paulpauper 3mo ago

This is not as salacious as it sounds The deadline required a sale by early May. Nothing required a sale on the one day that mattered. This is the crux. Right, she had to meet a deadline in 90 days, so statically speaking, there was a 2/3 chance of selling it before April than between April-May. Also, in the 90-day window DJT stock fell from $31 to $25, but she actually happened to sell at close to the bottom, at $18.5. DJT would actually surge after she sold to $25. In other words, her timing was much closer to the bottom of the range. Moreover, knowledge of the impending tariffs had been long public. She, along with others, presumably knew Trump would enact tariffs, but the question was, how big. I don't see much evidence of her acting on non-public information, but rather that her timing was very bad.

sgarman 3mo ago
I guess tangentially related, if you do insider trading but do it poorly is it still a crime? I feel that if the answer is yes then your explanation about how the timing was bad isn't super relevant.
JumpCrisscross 3mo ago
Bondi “sold on April 2…Trump announced the tariffs that evening, after the market closed.” This is damning timing. At the very least, it merits subpoenas and investigation. The fact that a Congressman called for as much and was ignored, without recusal, by the accused also seems to suggest corruption charges.
- andrewinardeer 3mo ago
  Are you seriously suggesting that there is corruption within the current administration?
  - JumpCrisscross 3mo ago
    > Are you seriously suggesting that there is corruption within the current administration? Cases with a clean throughline from evidence through the offence all the way to a specific state law aren't, at least to my lay understanding, as common as the crime.
Simulacra 3mo ago
It also doesn't seem to be anything different than members of Congress.
- znpy 3mo ago
  Don’t take a look at nancy pelosi’s stock returns! /s

throwawaypath 3mo ago

[flagged]

treetalker 3mo ago
> Martha Stewart and her coconspirator went to jail for lying to the FBI. Jail ≠ prison.
- throwawaypath 3mo ago
  Too US-centric, and English is not my first language. "Five months in jail for Stewart" http://news.bbc.co.uk/2/hi/business/3900401.stm http://news.bbc.co.uk/2/hi/business/3900401.stm
  - throwawaypath 3mo ago
    My OP that was [flagged]: "Martha Stewart went to federal prison for something smaller than this." Martha Stewart and her coconspirator went to jail for lying to the FBI. Not going to read an article when the first sentence gets a basic fact of the case wrong.

morninglight 3mo ago

PARDON ME!