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Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

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Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#2
This detail didn’t make it into the summary, but the audacity of it gave me a laugh.

> Hacken, a cybersecurity company, audited the cryptocurrency, according to INDXcoin’s website. State investigators, who obtained copies of Hacken’s audits, say that the Regalados fail to mention that Hacken gave it a rating of “zero out of 10.”

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#8

If you have divine prescience is that insider trading? Would the SEC prosecute based on oracular accuracy? Would RFJ pay out on that even?

Only if god is a director/exec or someone subject to a non-disclosure agreement.

According to answers to this question, "Is it insider trading if I bought Boeing puts while I am inside the wrecked airplane?" [1]

"Insider trading, I like to say, is not about fairness, it’s about theft. It’s illegal to trade on information that isn’t public and that you have some duty to keep secret" - Matt Levine

[1] - https://law.stackexchange.com/questions/98706/is-it-insider-...

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#9
post #5

“Pastor for an online ministry” - the cool new way to say “televangelist,” and apparently just as trustworthy.

I didn't know televangelist were a thing until a year or two ago, and remember having my mind blown (in a "but why" way).

How is that a thing. Why do so many people fall for it? How do these people get discovered. The only reason I know about them is because of a meme YouTube video where a reporter drilled a televangelist on camera.

Aside: may I propose we style the Internet variety as eVangelists?

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#10

If you have divine prescience is that insider trading? Would the SEC prosecute based on oracular accuracy? Would RFJ pay out on that even?

Only if god is a director/exec or someone subject to a non-disclosure agreement. According to answers to this question, "Is it insider trading if I bought Boeing puts while I am inside the wrecked airplane?" [1] "Insider trading, I like to say, is not about fairness, it’s about theft. It’s illegal to trade on information that isn’t public and that you have some duty to keep secret" - Matt Levine [1] - https://law.sta…

This is hilarious, thank you! Hahaha! :) Next time the plane goes down, have to remember that: crack open the brokerage account, ladel on the puts hahaha :) might even be an incentive to start taking MAXes preferentially :ghost_face:
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