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A comment on Husband of Amazon employee sentenced to prison for insider trading Amazon stock. Parent comment

Re:Husband of Amazon employee sentenced to prison for inside... by samfisher83 on Thursday June 10, 2021 @11:27PM (#27468939)
How did his wife get no prison time?
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Re:Husband of Amazon employee sentenced to prison for inside... by nprz on Thursday June 10, 2021 @11:35PM (#27468984)
They can't arrest a husband and wife for the same crime.
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Re:Husband of Amazon employee sentenced to prison for inside... by bin_bash on Thursday June 10, 2021 @11:37PM (#27469007)
In case you missed the reference: https://youtu.be/75iv3RKQUAM
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Re:Husband of Amazon employee sentenced to prison for inside... by wpasc on Thursday June 10, 2021 @11:43PM (#27469051)
I have the worst fucking attornies
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Re:Husband of Amazon employee sentenced to prison for inside... by pionar on Thursday June 10, 2021 @11:36PM (#27469000)
That's not at all true.
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Re:Husband of Amazon employee sentenced to prison for inside... by mikeyjk on Thursday June 10, 2021 @11:39PM (#27469025)
A reference to the TV show Arrested Development :) Terrible legal advice given to a crooked businessman!
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Re:Husband of Amazon employee sentenced to prison for inside... by dragonwriter on Thursday June 10, 2021 @11:37PM (#27469008)
Yes they can. And there are lots of examples.
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Re:Husband of Amazon employee sentenced to prison for inside... by mikestew on Friday June 11, 2021 @11:37AM (#27474770)
Oh, sure, downvote a commenter because they didn't watch Arrested Development. c'mon, HN. :-P
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Re:Husband of Amazon employee sentenced to prison for inside... by bhahn on Thursday June 10, 2021 @11:41PM (#27469031)
Just speculation, but they may have children, and if so, prosecutors may have wanted to keep at least one parent out of jail.
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Re:Husband of Amazon employee sentenced to prison for inside... by yarcob on Friday June 11, 2021 @02:48AM (#27470103)
It would be nice if prosecutors really were that compassionate. I've read that lots of kids end up in foster care because their parents go to jail. But maybe that only happens to poor people.

An alternative would be to have criminal parents serve time consecutively -- that way noone gets away, and the children would not have to be taken away.

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Re:Husband of Amazon employee sentenced to prison for inside... by SommaRaikkonen on Thursday June 10, 2021 @11:29PM (#27468946)
From the article

> As part of the plea agreement, Bohra’s wife will not face criminal charges. Bohra’s wife is no longer employed at Amazon.

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Re:Husband of Amazon employee sentenced to prison for inside... by samfisher83 on Thursday June 10, 2021 @11:30PM (#27468955)
I understand the plea deal, but why. I am assuming they had evidence she gave him the data. Why let her off?
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Re:Husband of Amazon employee sentenced to prison for inside... by ALittleLight on Thursday June 10, 2021 @11:33PM (#27468974)
May be they would have to risk a trial to convict both but he would plea guilty to protect his wife. If the state believes he was the most responsible then they may judge a guaranteed conviction without the cost of trial to be worth it.

The wife (and family) lost 2.6 million, plus her job, and the husband - so it's not like she got away with something, just avoided the worst of the punishment.

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Re:Husband of Amazon employee sentenced to prison for inside... by ycombobreaker on Friday June 11, 2021 @12:17AM (#27469235)
disgorged 2.6 million, that means just losing the ill-gotten gains. It's not fair to call that "lost".
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Re:Husband of Amazon employee sentenced to prison for inside... by loeg on Friday June 11, 2021 @01:04AM (#27469488)
No. $2.6M "in disgorgement, interest and penalties." The ill-gotten gains were only $1.4M.

They had to pay back their gains, pay additional fees, and one of them serves jail time. They did not get away with anything.

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Re:Husband of Amazon employee sentenced to prison for inside... by viraptor on Friday June 11, 2021 @01:25AM (#27469623)
If they kept the $2.6M in a liquid saving account just for cases like this one, yeah, that wouldn't be so bad. But I don't expect that's the case and in practice that could mean for example losing her house.
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Re:Husband of Amazon employee sentenced to prison for inside... by lelanthran on Friday June 11, 2021 @04:32AM (#27470714)
> I understand the plea deal, but why. I am assuming they had evidence she gave him the data. Why let her off?

"Giving someone the data" is probably a different violation to "trading with illegally obtained data".

She probably got a different penalty (breaking NDA or similar) then he did.

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Re:Husband of Amazon employee sentenced to prison for inside... by chews on Friday June 11, 2021 @12:03AM (#27469155)
if you don't personally profit from the bet... it's not one.
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Re:Husband of Amazon employee sentenced to prison for inside... by Thorrez on Friday June 11, 2021 @12:52AM (#27469422)
>Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information.

It sounds to me like even giving information to someone if you know that person will trade is illegal.

https://www.investor.gov/introduction-investing/investing-ba...

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Re:Husband of Amazon employee sentenced to prison for inside... by tech-historian on Thursday June 10, 2021 @11:49PM (#27469083)
She only committed some light treason.
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Re:Husband of Amazon employee sentenced to prison for inside... by vmception on Friday June 11, 2021 @03:05AM (#27470188)
They kicked back and relaxed, Emphasis on kickback.

Basically they were able to cough up the $2mm the SEC wanted in the parallel civil suit, and didnt attempt to challenge the criminal case, so the prosecutors in the criminal case chose not to

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Re:Husband of Amazon employee sentenced to prison for inside... by randyrand on Friday June 11, 2021 @12:11PM (#27475153)
https://en.wikipedia.org/wiki/Women-are-wonderful_effect

Women generally get less time for the same crime.

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