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Former Equifax CIO Sentenced to Prison for Insider Trading
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Dr.T
Dr.T,
User Rank: Ninja
6/29/2019 | 4:24:41 PM
Re: Acting in ones own self-interest vs. ethically being hit by the bus
If he had lost that ~$200k, then later, he'd still be able to work in his profession making his current salary or more. I agree, in longer term it will be more loss.
Dr.T
Dr.T,
User Rank: Ninja
6/29/2019 | 4:26:14 PM
Re: Acting in ones own self-interest vs. ethically being hit by the bus
The Air Force core Values are: Integrity First, Service Before Self, & Excellence in all we do. Integrity and First serve policy is critical for ones long term success in that business I would say.
Dr.T
Dr.T,
User Rank: Ninja
6/29/2019 | 4:27:52 PM
Re: Closing statement
Yep, it is already shot, anyone remember the "Mortgage Crisis" or "Enron" where people lost millions of dollars and no one from these finaincial institutions got arrested. There were poison terms on those cases too. But obviously we did not learn a lot.
Dr.T
Dr.T,
User Rank: Ninja
6/29/2019 | 4:29:25 PM
Re: Closing statement
At this point I think we need to look into "Bitcoin", wait, with the data mining and thefts from this practice, it is hard to trust anything or anyone. I have not heard anything on that aspect but you never know.
tdsan
tdsan,
User Rank: Ninja
6/29/2019 | 5:35:33 PM
Re: Closing statement
Mortgage Crisis details - https://www.nytimes.com/2014/05/04/magazine/only-one-top-banker-jail-financial-crisis.html.
Quote - Jan. 27, Kareem Serageldin...Moshannon is a low-security facility, with controlled prisoner movements, a bit tougher than the one portrayed on "Orange Is the New Black." Friends of Serageldin's worried about the violence; he was counseled to keep his head down and never change the channel on the TV no matter who seemed to be watching.

This article was written in 2014, 47 identified - https://ig.ft.com/jailed-bankers/, but only 1 from the US, interesting.

With wall-street being located in NY, I am puzzled why only one.

Enron case - https://www.chicagotribune.com/sns-ap-enron-trial-glance-story.html
Skilling, 64, was sentenced in 2006 to 24 years in prison for his role in the scandal that cost investors billions of dollars and wiped out the retirement savings and jobs of thousands of Enron employees.

 In the Enron case, they seem to be getting it right.

Todd

 
RyanSepe
RyanSepe,
User Rank: Ninja
6/30/2019 | 8:05:55 AM
Re: Closing statement
Crypto currency is still a bit volatile for my taste even with BitCoin being the more popular. I had a full bitcoin a while back and partitioned it off for profit.

I'm curious if this will end up similar to the Tulip crisis that occured in the Netherlands.
tdsan
tdsan,
User Rank: Ninja
6/30/2019 | 3:04:19 PM
Re: Closing statement
Interesting, it is worth looking into - https://markets.bitcoin.com/

I do think this is the future, we need to look into blockchain and how we can enhance our security posture when it relates to Bitcoin. I do think Blockchain can help with areas of the supply chain but that is for another conversation.

T
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