Elon’s Out - Hackdot

Re:Elon’s Out by moralestapia on Saturday July 09, 2022 @02:53PM (#32038152)

>According to the U.S. Securities and Exchange Commission (SEC), Stewart avoided a loss of $45,673 by selling all 3,928 shares of her ImClone Systems stock on December 27, 2001, after receiving material, nonpublic information from Peter Bacanovic, her broker at Merrill Lynch. The day following her sale, the stock value fell 16%.[49]

Martha Stewart went to jail for 5 months for a meager case of insider trading. Musk manipulated Tesla stock in front of, literally, the whole world and got a slap in the wrist (i.e. a fine that comes to about 0.1% of its net worth). A citizen would to go jail forever for a similar thing.

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Re:Elon’s Out by pacificmint on Saturday July 09, 2022 @04:39PM (#32039086)

> Martha Stewart went to jail for 5 months for a meager case of insider trading.

I believe she went to prison for lying to investigators. The insider trading they couldn’t make stick. So in the end, maybe the cases aren’t so different?

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Re:Elon’s Out by towaway15463 on Saturday July 09, 2022 @05:37PM (#32039535)

Facts. She also just paid a fine for the insider trading. Her criminal case was due to conspiracy, obstruction of justice and lying to federal investigators.

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Re:Elon’s Out by moomin on Saturday July 09, 2022 @06:24PM (#32039882)

“Lying to a federal official” is one of the most BS things in the entire US penal. It’s practically carte blanche to imprison anyone you come across.

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Re:Elon’s Out by akimball on Saturday July 09, 2022 @07:55PM (#32040489)

It would be more reasonable if federal officials faced similar penalties for lying to the public.

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Re:Elon’s Out by Teever on Saturday July 09, 2022 @07:43PM (#32040406)

So just don't lie to the feds?

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