Husband of Amazon employee sentenced to prison for insider trading Amazon stock
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Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#2>he obtained from his wife, an Amazon finance employee, to place trades in Amazon stock–making a profit of $1,428,264
>Bohra engaged in illegal insider trading in advance of 11 straight earnings announcements.”
>He and his family members have paid $2,652,899 in disgorgement, interest and penalties.
And 26 months in prison! This is why if you're going to do any kind of trading yourself -- never touch the company you work for.
Some more info on the original SEC filing as well: https://www.sec.gov/litigation/complaints/2020/comp24923.pdf
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#3>he obtained from his wife, an Amazon finance employee, to place trades in Amazon stock–making a profit of $1,428,264 >Bohra engaged in illegal insider trading in advance of 11 straight earnings announcements.” >He and his family members have paid $2,652,899 in disgorgement, interest and penalties. And 26 months in prison! This is why if you're going to do any kind of trading yourself -- never touch the company you w…
How did his wife get no prison time?
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#4Would love to see the same penalties applied to members of congress who used info from private briefings at the start of the coronavirus pandemic to make stock trades. :|
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#5>he obtained from his wife, an Amazon finance employee, to place trades in Amazon stock–making a profit of $1,428,264 >Bohra engaged in illegal insider trading in advance of 11 straight earnings announcements.” >He and his family members have paid $2,652,899 in disgorgement, interest and penalties. And 26 months in prison! This is why if you're going to do any kind of trading yourself -- never touch the company you w…
How did his wife get no prison time?
From the article
> As part of the plea agreement, Bohra’s wife will not face criminal charges. Bohra’s wife is no longer employed at Amazon.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#6How do they prove this? A lot of people play earnings. Amazon is not an obscure stock. In fact, making an earnings play on Amazon is probably one of the more reasonable safer things to do compared to what the world is up to now days.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#7Earlier quoted context omitted.
How did his wife get no prison time?
From the article > As part of the plea agreement, Bohra’s wife will not face criminal charges. Bohra’s wife is no longer employed at Amazon.
I understand the plea deal, but why. I am assuming they had evidence she gave him the data. Why let her off?
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#8Gained 1.5 million. Lost 2.6 plus two years in prison and his wife's job. Not a great trade.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#9Would love to see the same penalties applied to members of congress who used info from private briefings at the start of the coronavirus pandemic to make stock trades. :|
They get special treatment