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US special forces soldier arrested after allegedly winning $400k on Maduro raid

cnn.com

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Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#121

Post by testing22321 »

jcgrillo wrote: post #87
sigmar wrote: post #42

Since this is relevant to many HN comments, copy-pasted the charges from the pdf indictment in the linked page: Count 1 - Unlawful Use of Confidential Government Information for Personal Gain Count 2 - Theft of Nonpublic Government Information Count 3 - Commodities Fraud Count 4 - Wire Fraud Count 5 - Engaging in a Monetary Transaction in Property Derived from Specified Unlawful Activity

It's interesting they don't think they can get him for leaking classified information. To me that seems like the biggest issue--I mean sure, it's bad he made money on it, but it would have been really bad if he'd gotten someone killed by blabbing to the internet.

You’re just seeing, clearly, the priorities of the US.

Is it helping sick citizens? No. Is it feeding the hungry? No. Free education, housing the un housed or protecting the environment? No, no , no.

To be perfectly clear, it’s not giving vets the benefits they deserve or keeping soldiers safe either.

Money. The priority is money.

Getting it. And making sure those that don’t have it don’t get it.

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#123

Post by kobalsky »

paulpauper wrote: post #5

Feds waited no time to drop the indictment and make arrest. 3 months is lightning fast for a white collar crime. Wall St. ppl who commit insider trading pay a fine and admit no wrongdoing, discouraging the profits, and only after many years and trades have passed. Goes to show how elites play by a different set of rules. His mistake was not knowing he was not in that club. Have no idea why this was downvoted. I see s…

This doesn't seem like a simple white collar crime. If the military are betting on the operations they will carry it's virtually espionage.

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#125

Post by tencentshill »

jandrewrogers wrote: post #51
k310 wrote: post #9

Nabbing the little guy for show, very much like Henry Hill taking one for Paulie and the gang. The same gang that robbed the Lufthansa vault at JFK Airport, stealing six million dollars in cash and jewelry. When the history of this administration is written, provided that history itself has not been completely rewritten a la "1984," Goodfellas will be required reading/watching. And the highly profitable daily mood-in…

> nabbing the little guy Politics aside, he isn't a "little guy". He apparently holds the rank of master sergeant. That's a senior battalion-level role and somewhat political. This isn't some random E-4 getting dragged.

They fired 4-star generals on a whim. The military is expected to be as loyal as the rest.

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#126

Post by jcgrillo »

enoint wrote: post #106
jcgrillo wrote: post #87

Earlier quoted context omitted.

It's interesting they don't think they can get him for leaking classified information. To me that seems like the biggest issue--I mean sure, it's bad he made money on it, but it would have been really bad if he'd gotten someone killed by blabbing to the internet.

If that happened, could they retroactively classify it?

Maybe I'm making an incorrect assumption, but I assumed the information was already classified. He was betting on an outcome of a planned military operation based on his knowledge of those plans. My assumption is that information is super closely guarded, and likely classified at a high level. Telegraphing your invasion plans is generally not something you do unless you want disaster, right?

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#127

Post by doom2 »

I thought prodiction markets benefit from insider knowledge. Isn't the whole point that insiders make bets, thereby surfacing knowledge and allowing for more accurate forecasts? So wouldn't we want more military service members making bets? In this case, any potential military target of the US would really want this insider info.

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#128

Post by HWR_14 »

mrtksn wrote: post #36

Are prediction markets regulated? Is this about breaking the laws regarding prediction markets or is this about leaking classified information? I skimmed but not sure still. Someone more cynical can say that this is about protecting Thiel’s investment(if people think it’s rigged may stop playing) or making sure that only big G makes money with classified information.

Kalshi is regulated and trading in this way on Kalshi is explicitly illegal. PolyMarket does not operate under US laws and I don't know if the same insider trading rules are a separate violation on top of just participating.

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#129

Post by genxy »

JumpCrisscross wrote: post #48
paulpauper wrote: post #10

Earlier quoted context omitted.

Then what laws were broken if it is not insider trading?

> what laws were broken "Van Dyke was indicted on charges that included unlawful use of confidential information for personal gain, theft of nonpublic government information, commodities fraud, and wire fraud."

How does this not apply to Trump and the rest of congress? Billions in market manipulation.

Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid

#130

Post by enoint »

jcgrillo wrote: post #126
enoint wrote: post #106

Earlier quoted context omitted.

If that happened, could they retroactively classify it?

Maybe I'm making an incorrect assumption, but I assumed the information was already classified. He was betting on an outcome of a planned military operation based on his knowledge of those plans. My assumption is that information is super closely guarded, and likely classified at a high level. Telegraphing your invasion plans is generally not something you do unless you want disaster, right?

Yeah the DoJ proclaims,

“Our Office will continue to hold accountable those who misuse confidential or classified information in a way that undermines and exploits our national security.”

But isn’t wire fraud harder to prove than leaking classified facts?

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