Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi...
by tptacek on Friday September 12, 2014 @03:19PM
(#8309887)
Nacchio isn't accused of one of those "transporting the wrong species of muskmelon across state lines" crimes. He was convicted of defrauding his own shareholders out of many many millions of dollars. It's worth adding that the conviction happened during a famous wave of prosecutions of similar crimes at Worldcom, Anderson, Enron, &c.
Something like insider trading is a particularly grey area, because directors trade all the time with more knowledge than the public (how could they not), and leaks of information happen all the time without punishment. I don't know all the details of this particular case, but I'd be skeptical of taking the conviction at face value, given the willingness of some branches of the US government to openly lie to the public, distort the truth, bypass or neuter the judicial branch, and vindictively punish and vilify those who refuse to cooperate in illegality or blow the whistle on their activities.
More generally, whether you take a conviction as a proof of moral turpitude relates to how much faith you have that the justice system in a given country is operating in a just, transparent and fair manner. If you don't have that faith, a criminal conviction means nothing in moral terms.