FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison
FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms
https://www.techspot.com/news/100351-fbi-indicts-three-insider-trading-scheme-utilized-xbox.html
The indictment alleges that Viggiano, Forlano, and Salamone engaged in a scheme between October 2021 and May 2023 to profit in the stock market by strategically investing...
FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison::undefined
165 years for white collar crime, no fucking chance
They only made $322k, that's nothing.
What did the Enron guys get?
yeah that's insane that murder is like we might put u in jail but you'll be released in a couple years
fuckin 20 bucks is stolen and that's an instant 100 year sentence
Skilling got 24 years which was reduced to 14 in 2013. Lay was convicted of crimes that have a max sentence of 45 years, but died before sentencing.
HEY! You stole money from the people who have lots of money! THAT’S MORE ILLEGAL THAN ALL THE OTHER STUFF!
I like the part where it's like a zillion times more illegal than trying to overthrow democracy. The USA "justice system" is a joke.
Welcome to Lemmy, I see you're new. You must be unfamiliar with how we treat capitalists and right wing scum here.
I hope this is ironic. I use Lemmy because Reddit blocks mobile usage and there aren’t good clients available. Sick of having to wade through bullshit extremist takes like this on every thread.
Sure I’m progressive, and despise the rioters, but calling for their deaths is insane. Nobody should support or advocate for state sponsored violence and execution. Ever.
Texas is literally in the process of murdering an autistic man for false science. Constant extrajudicial killings defines our reckoning with policing. How idiotic and tone deaf do you have to be to call for an even more punitive system, and advocate for hangings of all things?
They are getting multi year sentences in our torturous prisons, where upon release they will be marked with a felony charge and never able to work any good job or live any kind of good life again. That is sufficient, if not objectively excessive.
Nobody should support or advocate for state sponsored violence and execution. Ever.
"The United States shouldn't have entered WWII or sponsored violence through the lend-lease program that literally bankrolled the Allied war effort"
—You
Ironically, Viggiano and his team from the University of Tampa won a 2018 ethics competition
Best part of the article.
Salamone tried to keep the lion's share for himself and undid them all by recording the conversations. Conspiracies sure would be a lot more popular if everyone involved wasn't a scumbag.
I like what Robert Anton Wilson had to say about conspiracies and their life cycles:
"[A]s far as I’ve been able to discover in all my years of being involved, more or less unwillingly, in this field, I cannot find any proof of any conspiracy that really existed, was really brought into court and convicted, that lasted more than ten years before everybody double-crossed everybody else and the conspiracy fell apart."
In fairness, there has to be some survivorship bias here: if the members of a conspiracy don't double-cross each other and are competent enough not to expose themselves, it's a lot less likely they'd ever get brought into court in the first place.
Agreed, and I suppose it's the ones we don't hear about that are the real bad ones.
Points for creativity, I guess? I'm pretty sure a Goldman Sachs analyst can figure out how to do it properly, though...
Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.
Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance