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enointtoday at 3:02 AM2 repliesview on HN

Yeah the DoJ proclaims,

“Our Office will continue to hold accountable those who misuse confidential or classified information in a way that undermines and exploits our national security.”

But isn’t wire fraud harder to prove than leaking classified facts?


Replies

bostiktoday at 5:17 AM

Unless the prosecution can prove that the trades meaningfully moved the market prices, it's probably going to be really hard to use the term "leaking".

I can't shake the feeling that there may be political reasons to not even attempt that angle. What legal precedent would it set if a judge actually ruled on that and the prosecution won? Which entities within the government would be financially inconvenienced?

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jcgrillotoday at 3:07 AM

It seems strange, but that must be why I'm not a lawyer :p