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

https://www.techspot.com/news/100351-fbi-indicts-three-insider-trading-scheme-utilized-xbox.html

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

251 points · 28 comments · view on lemmy.world

28 Comments

camr_on@lemmy.world · 97 pts · 2y (1 reply)

Relevant

AntiHeroChris@lemmy.world · 8 pts · 2y

SIE VERLIEREN

bernieecclestoned@sh.itjust.works · 80 pts · 2y (5 replies)

165 years for white collar crime, no fucking chance

They only made $322k, that's nothing.

What did the Enron guys get?

Appoxo@lemmy.dbzer0.com · 58 pts · 2y

They didnt make enough money to receive a lesser sentence.

chaorace@lemmy.sdf.org · 55 pts · 2y

sock@lemmy.world · 20 pts · 2y

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

lightnsfw@reddthat.com · 7 pts · 2y

They're probably not rich.

CaptainPedantic@lemmy.world · 7 pts · 2y

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.

gravitas_deficiency@sh.itjust.works · 58 pts · 2y (9 replies)

HEY! You stole money from the people who have lots of money! THAT’S MORE ILLEGAL THAN ALL THE OTHER STUFF!

TwoGems@lemmy.world · 43 pts · 2y (8 replies)

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.

Serinus@lemmy.world · -16 pts · 2y (7 replies)

Most of the January 6th people seemed to get appropriate sentences for their involvement.

JJROKCZ@lemmy.world · 21 pts · 2y (6 replies)

I’ve yet to see one traitor hanged

xrellx@lemmy.world · -19 pts · 2y (5 replies)

Go back to reddit.

ram@bookwormstory.social · 13 pts · 2y (4 replies)

Welcome to Lemmy, I see you're new. You must be unfamiliar with how we treat capitalists and right wing scum here.

adj16@lemmy.world · 4 pts · 2y (1 reply)

Hates the right

Actively advocating for capital punishment

Jax@sh.itjust.works · -12 pts · 2y

No no, it's different because white people are bad.

Wait did I say the quiet part out loud?

lonewalk@lemm.ee · 0 pts · 2y (1 reply)
[ removed ]
pimento64@sopuli.xyz · 0 pts · 2y

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

Lemonparty@lemm.ee · 34 pts · 2y

Ironically, Viggiano and his team from the University of Tampa won a 2018 ethics competition

Best part of the article.

sugarfree@lemmy.world · 33 pts · 2y (5 replies)

Points for creativity, I guess? I'm pretty sure a Goldman Sachs analyst can figure out how to do it properly, though...

jet@hackertalks.com · 11 pts · 2y (2 replies)

Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.

remotelove@lemmy.ca · 12 pts · 2y (1 reply)

Aren't trading floors mostly empty these days since trading is much more automated?

jet@hackertalks.com · 15 pts · 2y

Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance

linucs@lemmy.ml · 2 pts · 2y (1 reply)

They just copied the idea from terrorists

fat_stig@lemmy.world · 6 pts · 2y

Rubber dinghy rapids bro

lotophage@lemmy.ml · 33 pts · 2y (3 replies)

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.

the_dopamine_fiend@lemmy.world · 10 pts · 2y (2 replies)

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."

DaPorkchop_@lemmy.ml · 9 pts · 2y (1 reply)

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.

the_dopamine_fiend@lemmy.world · 1 pts · 2y

Agreed, and I suppose it's the ones we don't hear about that are the real bad ones.