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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

#171

Post by SlightlyLeftPad »

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

Huh that’s interesting. The sycophants in DC seem to be able to do everything listed here with no repercussions.

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

#172

Post by JumpCrisscross »

kshacker wrote: post #144
wmf wrote: post #43

Earlier quoted context omitted.

None, because Congress wasn't informed of the Maduro raid until afterwards?

Usually there is this gang of 6 or gang of 8 who is still kept informed.

Weren’t they famously kept in the dark for this and Iran?

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

#173

Post by JumpCrisscross »

SlightlyLeftPad wrote: post #171
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

Huh that’s interesting. The sycophants in DC seem to be able to do everything listed here with no repercussions.

> sycophants in DC

Who? Because if you have evidence of military secrets being leaked through prediction markets, we actually need that journalistic record maintained.

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

#175

Post by jcgrillo »

morsch wrote: post #166
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.

Well, a lot of people got killed this way, too.

But from the perspective of the US DoJ the right people got killed (assuming of course they've determined the operation was legal according to their own rules, e.g. US law). The issue here is this guy telegraphed operational plans to the entire world which could have gotten (from the DoJ's perspective) the wrong people killed.

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

#176

Post by JumpCrisscross »

mcmcmc wrote: post #155
kobalsky wrote: post #123

Earlier quoted context omitted.

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.

Wouldn’t that make insider trading virtually corporate espionage?

What was the last corporate-espionage conviction in America?

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

#178

Post by benmw333 »

SlightlyLeftPad wrote: post #171
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

Huh that’s interesting. The sycophants in DC seem to be able to do everything listed here with no repercussions.

Hey hey now - the occasional $200? $250? fine is devastating enough on our selfless, dedicated, public servants!

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

#179

Post by bijowo1676 »

herewulf wrote: post #79
int32_64 wrote: post #67

It seems like it would be highly demoralizing to US soldiers that they are prosecuted for betting on the outcomes of the battles they are risking their lives for but those insider trading commanding them aren't.

Imagine doing an easy tour in your air conditioned Kuwaiti logistics office and then getting blown to bits by a ballistic missile because no one bothered to tell you about the war that was being initiated which would cause such missiles in retaliation. Yeah, that's demoralizing too.

start charging congresspeople with insider trading first, before you charge any regular soldier

if rules dont apply universally, then screw these rules altogether

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

#180

Post by bostik »

enoint wrote: post #130
jcgrillo wrote: post #126

Earlier quoted context omitted.

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?

Unless the prosecution can prove that the trades meaningfully moved the market prices, it's probably going to be really hard to use the term "leaking".

I can't shake the feeling that there may be political reasons to not even attempt that angle. What legal precedent would it set if a judge actually ruled on that and the prosecution won? Which entities within the government would be financially inconvenienced?

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