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

Post by jrowley » Fri, Jun 11, 2021, 5:59 AM UTC

arp242 wrote: post #154

lordnacho wrote: post #139

Earlier quoted context omitted.

I think people simply don't appreciate that it's an easily caught crime. Most illegal things that one might do won't ever be caught, eg you break into someone's house and it would take the police to bother investigating and then put enough effort into that one case. Or to stay in white collar you might forget to report some income, how's the tax man to know unless you are already in focus? With insider trading the in…

How do they know his wife worked for Amazon? Is this recorded? Or do you need to declare stuff like that? I don't know anything about trading; in naïve view would be that unless they have quite a bit of information about you that's not necessarily all that easily obtainable, it's not always so easy to detect?

Post by lightgreen » Fri, Jun 11, 2021, 6:00 AM UTC

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…

Post by joshribakoff » Fri, Jun 11, 2021, 6:05 AM UTC

sneak wrote: post #104

joshribakoff wrote: post #81

Earlier quoted context omitted.

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

It was becoming fairly obvious by February even to people outside of Congress (such as myself) that a global pandemic was likely impending. I didn't attend any secret briefings. What nonpublic information about a publicly traded company do you think they received?

Post by sfifs » Fri, Jun 11, 2021, 6:09 AM UTC

wolfretcrap wrote: post #141

lizdax wrote: post #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 w…

If simply being husband of a woman who works for Amazon can help you acquire such information on which you can perform insider trading. What stops from former workers at intelligence agencies from starting a hedge fund and employing all methods they learned while at work, to acquire such valuable information, trade based on that and offer others money management services?

Post by antonzabirko » Fri, Jun 11, 2021, 6:16 AM UTC

lightgreen wrote: post #158

antonzabirko wrote: post #108

This man sent to jail. How many politicians were sent to jail for covid insider trading? What about the billions Jeff Bezos fleeced in taxes? It's the rich man's world, where justice is only onto the poor.

> How many politicians were sent to jail for covid insider trading? What is covid insider trading? > What about the billions Jeff Bezos fleeced in taxes? I believe Jeff Bezos did no violate the law, but that's really offtopic here. > It's the rich man's world, where justice is only onto the poor. Tell that to all the rich guys went to jail. Or if you have some statistical evidence, I'd love to read it.