Top
Best
New

Posted by paulpauper 6 hours ago

U.S. soldier charged with using classified info to profit from prediction market(www.justice.gov)
248 points | 106 commentspage 3
yieldcrv 4 hours ago|
He screwed himself by taking steps to show how much of an amateur he was, by trying to delete his polymarket account and change the email address on his crypto exchange account

He should have just cashed out and donated 20% of it to Mar-a-Lago saying exactly what he did and a thank you. It's a little too low for a club membership but since the President's family is a shareholder of Polymarket I think it would have been seen as attracting liquidity

AG would have been instructed to stamp out the investigation, no charges would have been filed

warlog 5 hours ago||
They should run for Congress
sandworm101 5 hours ago||
What was his rank? What was his job? What was his clearance? How did he have access?

The canadians have the info. He was special forces. He was enlisted (not an officer). He was involved, or at least privy to, the planning of the Venezuela thing.

https://globalnews.ca/news/11814801/maduro-capture-polymarke...

paulpauper 6 hours ago|||
Feds waited no time to drop the indictment and make arrest. 3 months is lightning fast for a white collar crime. Wall St. ppl who commit insider trading pay a fine and admit no wrongdoing, discouraging the profits, and only after many years and trades have passed. Goes to show how elites play by a different set of rules. His mistake was not knowing he was not in that club. Have no idea why this was downvoted. I see so many other people who make this argument about privileged elites and always get upvoted.
kobalsky 2 hours ago||
This doesn't seem like a simple white collar crime. If the military are betting on the operations they will carry it's virtually espionage.
mcmcmc 52 minutes ago||
Wouldn’t that make insider trading virtually corporate espionage?
JumpCrisscross 37 seconds ago||
What was the last corporate-espionage conviction in America?
livinglist 3 hours ago|||
Rules for thee not for me
joe_mamba 6 hours ago||
> Goes to show how elites play by a different set of rules.

Epstein said the same, and yet nobody went out to protest.

rvz 4 hours ago|||
In desperate times in the age of AI, one needs to grift in order to survive. This soldier was just doing that to maybe...enrich themselves like the politicians also breaking insider trading laws?

This is why no-one at the top institutions, politicians (Pelosi), presidents (Trump) and everyone else in proximity gets arrested or charged for insider trading in all forms. It doesn't apply to them.

This is a reminder that the rule makers are allowed to grift and break their own rules, but will arrest you for copying them or doing the same thing because this soldier was not part of their club.

He wasn't invited to their private insider group chat. So this solider was arrested and charged instead.

notTheLastMan 4 hours ago|||
[dead]
KnuthIsGod 4 hours ago||
[flagged]
polski-g 5 hours ago||
How is this illegal? Polymarket isn't a US-regulated market.
junar 5 hours ago||
From the indictment, he's being charged with the following:

* Unlawful Use of Confidential Government Information for Personal Gain

* Theft of Nonpublic Government Information

* Commodities Fraud

* Wire Fraud

* Engaging in a Monetary Transaction in Property Derived from Specified Unlawful Activity

https://www.justice.gov/usao-sdny/media/1437781/dl

paulpauper 5 hours ago||
So had this not involved presumed military secrets, it would have been legal? So it was the classified info that made it a crime, and then the insider trading aspect was later tacked on? It's crazy how the government adds so many charges. This guy is screwed.
gdulli 5 hours ago||
That's part of the Chesterton's Fence nature of why these markets are bad. We know insider trading is a bad thing for the stock market, so it's policed. These markets, being a post-regulation internet free for all, aren't.
gpm 5 hours ago|||
It's rather obviously illegal to leak classified intel by taking public actions based off of it... that's practically the meaning of the word "classified".
georgemcbay 5 hours ago||
It is illegal to leak classified intel if you're just an average person.

If you're the Trump hand-picked Secretary of the War Department then it is not illegal and will never be punished.

Always remember which tier of justice you are on prior to committing a crime!

Rekindle8090 5 hours ago||
[dead]
mcmcmc 50 minutes ago|||
Not true, they lobbied very hard to be regulated under the CFTC because of its more relaxed rules
ivewonyoung 5 hours ago||
Polymarket isn't being accused or charged with wrongdoing.
kevin_thibedeau 4 hours ago||
They directed the right size bri...consulting fee to Jr.