Twilio employees, associates charged with insider trading by SEC

Re:Twilio employees, associates charged with insider trading... by refurb on Tuesday March 29, 2022 @04:02AM (#30840018)

How do you get the profit into your hands?

Cash? Bitcoin?

Will this other person keep their mouth shut when the SEC comes knocking because some very successful traders seems to be handling a lot of cash or crypto? Or will they flip on you to stay out of prison?

Read up on Matt Levine's many, many examples of people getting busted for insider trading.

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Re:Twilio employees, associates charged with insider trading... by extr on Tuesday March 29, 2022 @05:06PM (#30848362)

Not sure how a random user of /r/WSB who has been receiving anonymous insider tips in return for 50% of the gains, to be paid in untraceable crypto, is going to "flip" :D

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Re:Twilio employees, associates charged with insider trading... by refurb on Tuesday March 29, 2022 @10:15PM (#30850812)

Crypto is not untraceable.

Crypto is useless unless converted into cash which requires identifying yourself.

Said WSBer could just take your tips and keep all the money.

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Re:Twilio employees, associates charged with insider trading... by extr on Wednesday March 30, 2022 @12:13AM (#30851425)

Very true. I find it to be a fun thought exercise though. Kind of like asking your friends around the dinner table how they would rob a bank.

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