Husband of Amazon employee sentenced to prison for insider trading Amazon stock

Post by dnautics » Fri, Jun 11, 2021, 5:03 AM UTC

reverend_gonzo wrote: post #16

runawaybottle wrote: post #6

How 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.

If you only do it for one stock, do it for every earnings, and have a win rate of 100%, that becomes pretty obvious. Also, by the way, they were legally not allowed to trade during those times at all, due to her specific job and the blackout period that cme with.

Post by dnautics » Fri, Jun 11, 2021, 5:03 AM UTC

pcurve wrote: post #32

runawaybottle wrote: post #6

How 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.

Since they got a guilty plea out of him, I'm guessing they had strong enough proof to discourage him from going to trial where he could've risked up to 25 years in jail time if jury found the evidence credible. If he had just stuck with stocks, I'm sure it would've been harder to prove. But with options and dates, timing of it... it's hard to get away.

Post by [deleted] » Fri, Jun 11, 2021, 5:04 AM UTC

chrisjharris wrote: post #111

ping_pong wrote: post #47

I love how no one on Wall Street was convicted of anything criminal even though they almost destroyed the entire global financial system. There was even text messages of fraud being committed and nothing happened. Not even clawbacks or fines or anything. The government just let them go. That was so disappointing, and one of the first signs of how Obama was going to betray the progressives and let Bush's status quo re…

I don't disagree with the general sentiment that the GFC was a total disaster, and I'd certainly not argue against the idea that a system had developed that had poor incentives, with sometimes greedy and unethical people working in it. What kind of concerns me, though, is the way that poor decision-making is conflated with breaking the law, or the belief that a terrible outcome ex-post necessarily implies illegality.…

Post by jandrewrogers » Fri, Jun 11, 2021, 5:10 AM UTC

joshribakoff wrote: post #81

shawnz wrote: post #53

Earlier quoted context omitted.

What nonpublic information do congresspeople have about how pandemics might impact the global economy?

Considering the pandemic became a pandemic in March and they sold stocks in February, your question reads as loaded.

Post by unishark » Fri, Jun 11, 2021, 5:10 AM UTC

whymauri wrote: post #112

nradov wrote: post #37

Earlier quoted context omitted.

There's nothing illegal about trading your employer's stock if you don't have access to insider information. Millions of investors do that with no problems.

>Millions of investors do that with no problems. Err, example please? I'm totally blanking here, not gonna lie.