General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 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.
C_U_L8R
(45,020 posts)It doesn't get more treasonous than this.
brewens
(13,620 posts)hit the fan and stay hit. But I thought that about the last crash too.
3Hotdogs
(12,406 posts)PoliticAverse
(26,366 posts)Aquaria
(1,076 posts)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/
Under The Radar
(3,404 posts)customerserviceguy
(25,183 posts)collecting dental floss from fellow prisoners to crochet shiv cozies.
NotHardly
(1,062 posts)DENVERPOPS
(8,844 posts)They may have shorted the stocks, not only protecting their money, but by selling short they made money off the crashing stocks.
dchill
(38,532 posts)...but how many of them acted on that secret information in their own interest?
babylonsister
(171,090 posts)ancianita
(36,133 posts)safeinOhio
(32,715 posts)Stock market will like this?
DENVERPOPS
(8,844 posts)Especially when the President of the NYSE and his Republican senator wife just got tagged for insider trading........
Under The Radar
(3,404 posts)...more than enough to start an avalanche
safeinOhio
(32,715 posts)Could be and that was big, if not the biggest.
Scruffy1
(3,256 posts)Fall went prison for taking a bribe and Sinclair, who gave the bribe, walked because he was very rich and had lots of lawyers.