Salim Kara stole $2M in coins with a magnet and a car antenna

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by hoseja on Tuesday January 02, 2024 @06:56AM (#38840713)

That is a very charitable view. I'd say the difference is the bank owners have the power to get away with it while the employee doesn't (until he succeeds).

[ Parent | on HN ]

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by infecto on Tuesday January 02, 2024 @07:46AM (#38841079)

Get away with what? Banks follow very specific rules for deposits when FDIC is involved.

[ Parent | on HN ]

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by rightbyte on Tuesday January 02, 2024 @07:04AM (#38840765)

The difference might be in the risk, since the insider keep the "surplus returns". So he gamble more aggressively than agreed upon. But ye of the bank does that it is the same thing, ye.

[ Parent | on HN ]

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by lallysingh on Tuesday January 02, 2024 @07:11AM (#38840813)

I believe FDIC limits what the owners can do.

[ Parent | on HN ]

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by npteljes on Tuesday January 02, 2024 @09:39AM (#38842045)

Among the most powerful, there's always anarchy. But even this is beside the point.

The point is that in OP's scenario, there's a bank doing investments, and a person doing investments. The bank had their funds in their usual way, and the person outright stole the funds. That makes a big difference, when talking morality, but not because of the investments, but because of the source of the funds for the investments.

[ Parent | on HN ]