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417 points mkmk | 8 comments | | HN request time: 0.434s | source | bottom
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jkubicek ◴[] No.37600265[source]
Obviously I don't condone insider trading, but it's nice to see someone go all in and make some real money. If you're going to risk jail time, you might as well do it for life-changing amounts of cash.

Contrast this with Stephen Buyer who's going to trial and may well end up in jail for a piddly few $100k.

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sokoloff ◴[] No.37600283[source]
I expect this trade will indeed change the trajectory of their life.
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yumraj ◴[] No.37601317[source]
As in go to jail? I’m pretty sure yes.
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1. throaway920181 ◴[] No.37601405[source]
You must be new to the United States. Only the poors go to jail (except in the most extreme cases like Epstein, and it still took them 20+ years to do anything to him.
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2. quandrum ◴[] No.37601631[source]
Just note it is most likely the person who did this was poor compared to whoever was on the other side of this trade.
3. ◴[] No.37601799[source]
4. boeingUH60 ◴[] No.37602612[source]
Wow, I guess SBF is a pauper then.
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5. bluedays ◴[] No.37602953[source]
He’s new money.
6. kossTKR ◴[] No.37603215[source]
As a non-american it's always fascinating to see comments like this downvoted.

It's absolutely mostly the poor who go to jail except a few fall guys - it's very apparent.

That's class privilege for you guys, and it has been like this for hundreds of years in most societies but only americans seem to "miss" this or whatever the hell is going on.

Just as here in the EU, fraud in elite circles shuffles billions every day while everyone focuses on petty crime and sensational cases.

Wars have killed millions for resource political gains and entire economies have been fucked over to benefit tiny circles of the richest - and none of these people have ever gone to jail.

The control that the uppermost echelons has over the flow of information in this new social cybernetic system we've all been forced into is so efficient, it's almost unbelievable lol.

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7. ToValueFunfetti ◴[] No.37604076[source]
It sounds like you do disagree with the comment you're defending, though- they're suggesting that this is a US specific phenomenon. The US may be worse in this regard, but I don't know where to find relevant statistics (looked into this for ~30 minutes), or how you would go about controlling for the US being both wealthier and more criminal than a lot of the world. Would love to learn more about this!

Part of it is justifiable. The value of a prison is threefold. It's a punishment, and in that sense it shouldn't be exclusive to the poor. But it's also a way to separate violent criminals from the rest of the population, reducing further violence. A financial criminal can just be denied access to the industry to achieve that end. And it's an opportunity for rehabilitation, but that doesn't seem to be a priority in the US anyway.

8. cezart ◴[] No.37605297[source]
People like SBF, Holmes etc, fucked over other super rich and often way more powerful people. That's why they are being punished. If they did smth like screw up 5 milion normal citizens for a 1000$ each, they'd still have their billion dollar fraud, but no serious punishment for it.