Earlier quoted context omitted.
How did his wife get no prison time?
They can't arrest a husband and wife for the same crime.
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Husband of Amazon employee sentenced to prison for insider trading Amazon stock
21–30 of 243 posts
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#22Earlier quoted context omitted.
How did his wife get no prison time?
They can't arrest a husband and wife for the same crime.
In case you missed the reference: https://youtu.be/75iv3RKQUAM
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#23Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#24Insider trade a million, you’ve got a problem. You have to insider trade a billion so that you’re untouchable. This is probably the hourly volume of insider trading at many hedge funds like SAC.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#25Gained 1.5 million. Lost 2.6 plus two years in prison and his wife's job. Not a great trade.
If you ignore all the ethical aspects of it and look at it as a purely economic transaction, whether it was a great trade or not depends on the odds of getting caught, not just the punishment if you get caught.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#26Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#27Would love to see the same penalties applied to members of congress who used info from private briefings at the start of the coronavirus pandemic to make stock trades. :|
This 100%. For example, Nancy Pelosi should be named the Wolf of Wall Street. Look at that amazing trade she made on cyber security companies right before the hacks on the government were announced.
Source: https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20...
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#28How 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.
Hard to guess right 11 times in a row.
But here’s the thing, Amazon is the type of company that most likely beat earnings for an entire decade. It’s not hard to guess at all.
Edit: blah, nevermind: https://techcrunch.com/2019/10/24/after-its-first-earnings-m...
I guess if he dodged those earnings plays, that would build a good case.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#29>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…
How did his wife get no prison time?
Just speculation, but they may have children, and if so, prosecutors may have wanted to keep at least one parent out of jail.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#30Would love to see the same penalties applied to members of congress who used info from private briefings at the start of the coronavirus pandemic to make stock trades. :|
Those private briefings likely did not contain nonpublic information, or especially nonpublic information about specific companies.
The pandemic seemed obvious in February; I know dozens (myself included) who bought masks and supplies long before the run on stores, long before even the USG was lying to people telling them not to wear masks (to preserve the supply). The briefings were around then. Were I a gambling man, I too would have shorted airlines then, and I wasn't in any of those private briefings.
The abuse is when they trade and then pass laws affecting the industries. A lot of kerfuffle has been around the covid briefings, but they didn't get anything an observant outsider couldn't see as well.
It has to be nonpublic information to be insider trading.