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MPRanger

05-19-2016 04:56 PM

Big Daddy Busted Again

http://www.reviewjournal.com/crime/f...trading-scheme

The feds would love to take Billy Walters down.

Parkview_Pirate

05-19-2016 06:14 PM

For the rich, the rules are different

Looks like Phil Michelson gave back almost a $1M to stay out of prison in this case.

http://www.bloomberg.com/news/articl...-case-ioecyxd0

Quote:

The three-time Masters Champion made almost $1 million from the 2012 trading, according to a complaint Thursday by the U.S. Securities and Exchange Commission. The SEC termed him a “relief defendant.” That means Mickelson wasn’t accused of wrongdoing, but was named in the complaint to recover his profits.

http://www.bloomberg.com/news/articl...nsider-trading

Quote:

Until the Supreme Court clarifies insider trading law, the public will be left to ponder why some skate free and others don't.

I guess Martha Stewart could have stayed out of prison if she'd been a card-carrrying member of the LPGA....

tucker6

05-19-2016 06:28 PM

Martha went to prison for lying, not insider trading.

MPRanger

05-21-2016 11:08 AM

Update

Quote:

Originally Posted by MPRanger

http://www.reviewjournal.com/crime/f...trading-scheme

The feds would love to take Billy Walters down.

http://www.reviewjournal.com/crime/f...trading-scheme

tucker6

05-21-2016 11:22 AM

With the CEO of Dean Foods on one end of the transaction and Phil the friend on the other end of the transaction, the Feds have Walters in a real squeeze play. I don't think he escapes this one, as it appears they are both singing loud and clear on this one.

MPRanger

05-21-2016 02:28 PM

Quote:

Originally Posted by tucker6

Hopefully it was all just a matter of interpretation.

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