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brewens

(13,586 posts)
Thu Mar 19, 2020, 11:27 PM Mar 2020

The insider trading is probably like the virus. How many of these bastards got tipped off?

Assuming almost all of them would tip off another buddy and or family member, they in turn spread it. It might have been enough to help the market tank even faster. That would be ironic.

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The insider trading is probably like the virus. How many of these bastards got tipped off? (Original Post) brewens Mar 2020 OP
They didn't warn the public so they could sell high. C_U_L8R Mar 2020 #1
It's like the Enron guys. That's just brutal. If it's as wide spread as it could be, the shit will brewens Mar 2020 #2
More like Martha Stewart. Gee. I forgot. What happened to her? 3Hotdogs Mar 2020 #4
She made the error of lying to investigators instead of referring any questions to her attorney. n/t PoliticAverse Mar 2020 #7
Got convicted for Aquaria Mar 2020 #9
All that they got her for was perjury everything else was legal Under The Radar Mar 2020 #12
She ended up customerserviceguy Mar 2020 #10
Yes it does, they knew how dangerous the virus was and let us wait while they dithered... NotHardly Mar 2020 #16
Actually DENVERPOPS Mar 2020 #18
Everybody at the briefings knew... dchill Mar 2020 #3
I predict there's more. nt babylonsister Mar 2020 #6
... ancianita Mar 2020 #5
I wonder how the safeinOhio Mar 2020 #8
Especially DENVERPOPS Mar 2020 #19
Yea it was... they dumped all of their stock and their donors do the same.. Under The Radar Mar 2020 #11
Bigger than Tea Pot Dome. safeinOhio Mar 2020 #13
And it will probably end up about the same. Scruffy1 Mar 2020 #15
Loeffler's hubby is Chairman of the NY Stock Exchange. . . . nt Bernardo de La Paz Mar 2020 #14
***DIFI'S HUSBAND IS IN THE CLEAR !!!*** uponit7771 Mar 2020 #17

brewens

(13,586 posts)
2. It's like the Enron guys. That's just brutal. If it's as wide spread as it could be, the shit will
Thu Mar 19, 2020, 11:33 PM
Mar 2020

hit the fan and stay hit. But I thought that about the last crash too.

 

Aquaria

(1,076 posts)
9. Got convicted for
Thu Mar 19, 2020, 11:55 PM
Mar 2020

Conspiracy, obstruction of justice and lying to federal investigators.

Not for violating 17 CFR 240.10b-5, AKA, the insider trading law.

Spent five months in jail.

http://www.nbcnews.com/id/6205192/ns/business-corporate_scandals/t/stewart-begins-serving-jail-term/

NotHardly

(1,062 posts)
16. Yes it does, they knew how dangerous the virus was and let us wait while they dithered...
Fri Mar 20, 2020, 02:19 AM
Mar 2020
...then, then they did insider trading, helped the market crash, took their money while thousands, tens of thousand 401Ks of the people they represented crashed... and they did it knowing people would suffer.

DENVERPOPS

(8,820 posts)
18. Actually
Fri Mar 20, 2020, 02:25 AM
Mar 2020

They may have shorted the stocks, not only protecting their money, but by selling short they made money off the crashing stocks.

dchill

(38,492 posts)
3. Everybody at the briefings knew...
Thu Mar 19, 2020, 11:35 PM
Mar 2020

...but how many of them acted on that secret information in their own interest?

DENVERPOPS

(8,820 posts)
19. Especially
Fri Mar 20, 2020, 02:26 AM
Mar 2020

Especially when the President of the NYSE and his Republican senator wife just got tagged for insider trading........

Under The Radar

(3,401 posts)
11. Yea it was... they dumped all of their stock and their donors do the same..
Fri Mar 20, 2020, 12:11 AM
Mar 2020

...more than enough to start an avalanche

Scruffy1

(3,256 posts)
15. And it will probably end up about the same.
Fri Mar 20, 2020, 02:05 AM
Mar 2020

Fall went prison for taking a bribe and Sinclair, who gave the bribe, walked because he was very rich and had lots of lawyers.

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