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A comment on Caroline Ellison, CEO of Alameda Research, pleads guilty to seven offences. Parent comment

Re:Caroline Ellison, CEO of Alameda Research, pleads guilty ... by ReaLNero on Friday December 23, 2022 @06:12PM (#34111714)
I mean if they're going to act (or rather, seem) malicious then they might as steal the backed assets they have right now rather than hope to pump-and-dump enough to make more money. It's not like either is more legal than the other.
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Re:Caroline Ellison, CEO of Alameda Research, pleads guilty ... by ummonk on Friday December 23, 2022 @06:24PM (#34111843)
Just arbitraging ensures this scheme never blows up in their faces and they can never get charged with a crime. Acting shady (but not actually stealing anything) isn't illegal.
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Re:Caroline Ellison, CEO of Alameda Research, pleads guilty ... by ReaLNero on Friday December 23, 2022 @06:28PM (#34111890)
If your ability to make money off something is based on a pump-and-dump (or more fittingly, dump-and-pump) scheme, then you are either committing securities fraud or ending up in a lengthy legal battle over securities fraud.
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