After reading this article it brings attention to the banking industry. After all the millions of dollars used to bail out the banking industry. The exectives are still trying to find ways of making more money at any means possible. It is a shame that a possible 7 million dollars could be gained by the greedy.I honestly believe that the members of this insider trading ring will not be brought to justice, at least not a punishment that properly fits the crimes committed.
How does someone gain "over $7 million in illicit profits,” and not have anyone notice and step in? This was the question I asked myself as I read this article. Finally after 7 Million dollars, SEC stepped in and did something about the situation. Also, I’m not sure if 11 years is a justified term; however deep down I feel the sentence is justified because the sentence is the “longest prison sentence ever for insider trading.” The government could put the 7 million dollars to good use, because honestly insider traders usually buy material good with stolen money. I feel anger when I hear of White Collar criminals stilling thousands or millions of dollars while the lower classes scape to make $7.25 an hour to feed sometimes families of two or even more. I make only $3.13 an hour plus tips, and would to have some extra cash, but I would never do it unfairly. I can’t believe that people lack good morals.
After reading this article it brings attention to the banking industry. After all the millions of dollars used to bail out the banking industry. The exectives are still trying to find ways of making more money at any means possible. It is a shame that a possible 7 million dollars could be gained by the greedy.I honestly believe that the members of this insider trading ring will not be brought to justice, at least not a punishment that properly fits the crimes committed.
ReplyDeleteHow does someone gain "over $7 million in illicit profits,” and not have anyone notice and step in? This was the question I asked myself as I read this article. Finally after 7 Million dollars, SEC stepped in and did something about the situation. Also, I’m not sure if 11 years is a justified term; however deep down I feel the sentence is justified because the sentence is the “longest prison sentence ever for insider trading.” The government could put the 7 million dollars to good use, because honestly insider traders usually buy material good with stolen money. I feel anger when I hear of White Collar criminals stilling thousands or millions of dollars while the lower classes scape to make $7.25 an hour to feed sometimes families of two or even more. I make only $3.13 an hour plus tips, and would to have some extra cash, but I would never do it unfairly. I can’t believe that people lack good morals.
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