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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

#41

Post by mrtksn »

garciasn wrote: post #39
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.

From the article: unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction.

So what law is broken exactly? Will an engineer with classified information on F-35 use that for fixing his car be also prosecuted? I guess no, so is this about leaking the Maduro operation?

Insider trading and outcome manipulation seems to be the norm on unregulated markets anyway. Whats the crime?

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

#42

Post by sigmar »

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

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

#44

Post by kevin_thibedeau »

ivewonyoung wrote: post #34
polski-g wrote: post #11

How is this illegal? Polymarket isn't a US-regulated market.

Polymarket isn't being accused or charged with wrongdoing.

They directed the right size bri...consulting fee to Jr.

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

#45

Post by bluegatty »

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…

Everything about this statement is completely wrong.

False, conspiratorial, dogmatic, juvenile.

The arrest and indictment of someone for betting on Polymarket - which has not yet been tested in court - is going to give huge attention and precedence to the likely illegal activities of some of Polymarket shenanigans coming out of the white house.

Edit: if this was political, it would be pushed in the other direction. This is the NY DOJ doing their jobs.

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

#48

Post by JumpCrisscross »

paulpauper wrote: post #10
JumpCrisscross wrote: post #6

Earlier quoted context omitted.

> no SEC lawsuit or civil complaint The suspect didn't trade securities. SEC doesn't have jurisdiction. The curiosity–to me as a layman–is that this is being prosecuted by the DoJ versus under the UCMJ.

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."

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

#49

Post by [deleted] »

zaptheimpaler wrote: post #37
RhysU wrote: post #32

Earlier quoted context omitted.

Go read a few months worth of the National Review. Many prominent conservative thinkers are not particularly big fans of Trump. They like portions of his initiatives and policies but not him as a standard bearer, because he does dumb, ill-principled stuff at odds with conservatism. Peggy Noonan of the WSJ can't write two sentences without letting you know how much she disdains Trump, e.g.

I guess I should clarify it to the modern US conservative party. I know there are a few dissenters even there, but 95% of them vote the way he wants and of course we could have impeached Trump and many cabinet officials long ago if they voted that way. They unquestionably enable this administration. I think its fair to say they represent the conservatives broadly, certainly they are the people the nations conservativ…

[deleted]

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

#50

Post by mlazos »

mrtksn wrote: post #41
garciasn wrote: post #39

Earlier quoted context omitted.

From the article: unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction.

So what law is broken exactly? Will an engineer with classified information on F-35 use that for fixing his car be also prosecuted? I guess no, so is this about leaking the Maduro operation? Insider trading and outcome manipulation seems to be the norm on unregulated markets anyway. Whats the crime?

By the letter of the law the guy fixing his car should be prosecuted, but like nobody is going to know and it’s not going to happen. In this case it’s pretty obvious the law was broken.
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