₦airaland Forum

Yankee101:
It’s illegal in the US

You can’t profit off of privileged information

Na you get sense. If the woman did not report it, they would still have figured it out.

JigsawKillah:
You'd have to torture a confession out of me though. I don't blame the wife. But the man should have kept his mouth shut and spend lowkey.

Honestly.
We call such people "leak mouthed fellow".

No be everything person suppose dey talk.
It pays to keep your mouth shut sometimes.

tochez24:
I will not still report if i am the the wife⚠️

I will immediately resign and relocate with my husband before the so called SEC begins their investigation if at all they will notice...

Whatever happens i and my husband will never agree that the information got leaked through us😡😡

They will have no evidence against us!!!

They will notice, and they will get you in the end.

Relocating is not as easy as you think it is when you are on the run for crime. You cannot take out more than a certain sum, your money is likely to be frozen, and the US government would be looking for you.

Seriously, watch some crime channels if you get DSTV. It is not as easy as you think.

Stephench:
He certainly traded based off "Privileged information" but I see some technicality on this particular case. The major problem is that he had already admitted to doing it but even at that, there's still some technicalities that he can try to get himself off the hook. This is an issue of information and data, some very good lawyers has gotten hackers off the hook based on certain technicalities.

The case is too clear for him to get off the hook.

sonofthunder:
That is the height of integrity from the woman. Most of us would have died the confession and enjoyed free money.

The height of stupidity. Wisdom is profitable to direct.

nairalanda1:
LOL...you guys, this is not a simp thing, or weak man thing.

The harsh truth is that the SEC would have found out...and they would have punished both the man and the woman.

Insider trading is a serious crime. If they think you are engaging in it, even if you are innocent, you go sweat explaining to the SEC and company.

The woman reported to cover her ass. And even now, I don't think the SEC has taken their eyes off her yet.

It's not certain that they would have found out.

nairalanda1:
LOL...you guys, this is not a simp thing, or weak man thing.

The harsh truth is that the SEC would have found out...and they would have punished both the man and the woman.

Insider trading is a serious crime. If they think you are engaging in it, even if you are innocent, you go sweat explaining to the SEC and company.

The woman reported to cover her ass. And even now, I don't think the SEC has taken their eyes off her yet.

Watch the series BILLIONS and understand that there is no Saint in this Game..

Even within that SEC, there are still Deals and counter deal happening.
The guy's reason was valid though.
My only ish with the guy is that.. He would have contact his closest, coded buddies, give him the money to buy the shares, and when the deal is done, they can now share the proceeds. Just to clean any trace of his antics..

To hammer in this life, all ypu need is the right information..

nairalanda1:
The problem was that once she found out from the husband what happened, she had no choice but to report immediately. Any good lawyer would have advised her to do so

And once the bosses knew, they had to sack her.

Plus, the man listened in on her calls (bad) and profited from the thing(bad)...meaning that he essentially implicated her in his crime. Without her knowledge.

Plus if the man had not told her, and kept quiet...the SEC would have eventually found out, and she, her husband and her company would be in trobule...and no one would believe her protestations. (He is your husband, so you should have know, dem go tell her).

It\s like you guys do not understand the seriousness of the crime. This one no be man vs woman things.

Crap.

Slip of Tongue: The Story of a Smart Alec and His Dumb Wife.

The guy bleeped up big time by confessing to his wife of his smart act

And the wife, however, had bleeped up more by informing her bosses.

She lost both her job and her marriage.

DeepSight:
The height of stupidity. Wisdom is profitable to direct.

OK o. You guys think USA Is like Nigeria.

Insider trading is treated like a VERY SERIOUS CRIME...so severe that prominent Americans have been jailed and disgraced for it.

ONCE Madam heard from oga, she had no choice but to report. Because if the SEC found out by other means, she would have been treated as a suspect for not reporting on time...meaning she was a willing participant. Meaning, she is in big kasala.

See how tough the law is over there? She would have been utterly foolish not to report.

Wetin we go do to please women?

Oh my father!

DeepSight:
Crap.

Ok. o. I don talk my own. Na because you dey think this one na femminst oppressing man, that's why you no wan see.

Better realize that this is a serious case.

emkz:
https://www.theguardian.com/business/2024/feb/23/us-man-accused-of-making-18m-from-insider-trading-wife-remote-calls-working-from-home

https://www.bbc.com/news/business-68379318

The woman is foolish and the man is dumb. Keep your mouth shut assholes! They don't deserve each other. Idiots.

The company too are crook. They manipulate shares too to make profit. This is weired.

nairalanda1:
Ok. o. I don talk my own. Na because you dey think this one na femminst oppressing man, that's why you no wan see.

Better realize that this is a serious case.

Nothing to do with feminism.

Everything to do with -

1. Real-Politik
2. Real Business
3. Wisdom
4. Deep law

matify83:
What could have happened if she hadn't reported the case to bp authority leading to her sack?

Why was she against the husband's success even though she didn't willfully give out ''insider secrets'' to her husband?

This kind of husband go sabi do amebo. Must you explain how you came about privileged information that made you a millionaire?
Who ask you?

This case get as e be.

Most organisations involved in finance and stuff have a compliance policy to report things like this. Insider trading can lead to jail term for her...And in developed countries they will eventually find out. Asset declaration for you and your spouse, details of their stocks etc are regular mandatory reports for bankers, stick brokers and other roles related to mergers/acquisition in even non-finance organisation.

So she could keep quiet and go to jail when they eventually find out or simply do the alright thing, which she did

DeepSight:
It's not certain that they would have found out.

OKAY.....ya think that US be like Nigeria, where there are no records, and no people watching the records....

Okay..o.

AbujaCitiBlog:
The woman is foolish and the man is dumb. Keep your mouth shut assholes! They don't deserve each other. Idiots.

All assets are in the open. Except he didn't buy in his name or found a way round it, if not they will eventually know and the wife will be prosecuted for insider trading

nairalanda1:
OKAY.....ya think that US be like Nigeria, where there are no records, and no people watching the records....

Okay..o.

I didn't say it's not possible. I didn't even say it's not likely. I said it's not certain.

DeepSight:
Nothing to do with feminism.

Everything to do with -

1. Real-Politik
2. Real Business
3. Wisdom
4. Deep law

Yes, but that does not make what the husband did right. He did wrong, and got caught.

Madam did what she did so that the law does not look at her with one kind eye.

Same thing for the company.

NwaliE01:
Wetin we go do to please women?

Oh my father!

This one no be woman vs man matter...this one na man making money from illegally accessing his wife's business calls.

And when he told madam...madam knew she had to report. Or else, if the SEC found out by other means, she too would have joined her husband in jail, no matter how much she said 'I do not know anything'.

nairalanda1:
Yes, but that does not make what the husband did right. He did wrong, and got caught.

I didn't say a word about morality.

Madam did what she did so that the law does not look at her with one kind eye.

She was extremely foolish. She ought to have sought both legal and strategic advise first from deep experts.

Her unguarded and presumptuous actions destroyed her family and her life.

Same thing for the company.

I no send company. They did what they needed to do. Thats fine.

nairalanda1:
This one no be woman vs man matter...this one na man making money from illegally accessing his wife's business calls.

And when he told madam...madam knew she had to report. Or else, if the SEC found out by other means, she too would have joined her husband in jail, no matter how much she said 'I do not know anything'.

Nonsense.

nairalanda1:
Yes, but that does not make what the husband did right. He did wrong, and got caught.

Madam did what she did so that the law does not look at her with one kind eye.

Same thing for the company.

Bro. In this life, one has to be brutal in other to make it.. Even within that SEC deals they happen.. You're guilty if only you get caught..
The dude had a valid reason though.
Just that he would have just kept his mouth shut..
This life the End Game is to hammer and leave a conformable life.

DeepSight:
I didn't say a word about morality.



She was extremely foolish. She ought to have sought both legal and strategic advise first from deep experts.

Her unguarded and presumptuous actions destroyed her family and her life.



I no send company. They did what they needed to do. Thats fine.

Forget morality....she had to report. Any lawyer would have advised her to report...because SEC , if they start looking, would not believe her story that her husband was listening in on her calls without her knowledge.

It's like you don't get it....assuming SEC found out by other means, they would have accused her as an accesory. (She is the wife, therefore she must have been sharing information).

If she did not report , by now she would be on her way to jail too.

DeepSight:
Nonsense.

Ok.o.

OK. o.

irepnaija4eva:
Bro. In this life, one has to be brutal in other to make it.. Even within that SEC deals they happen.. You're guilty if only you get caught..
The dude had a valid reason though.
Just that he would have just kept his mouth shut..
This life the End Game is to hammer and leave a conformable life.

IN other words, let's all commit and condone crimes.

After, you guys will come and be crying about bad leadership here in Nigeria.

nairalanda1:
They will notice, and they will get you in the end.

Relocating is not as easy as you think it is when you are on the run for crime. You cannot take out more than a certain sum, your money is likely to be frozen, and the US government would be looking for you.

Seriously, watch some crime channels if you get DSTV. It is not as easy as you think.

Ever heard of InterPol....except you wanna live like a fugitive anywhere you go

Iyajelili:
Na you get sense. If the woman did not report it, they would still have figured it out.

Exactly.

Wait, they could have just agreed that if the feds later found out, only the man will take the fall since that is what later happened. She would have just said she wasn't aware that was what he was doing and once he supports her statements won't she be let free.

tunjilana:
Ever heard of InterPol....except you wanna live like a fugitive anywhere you go

Yep...all it takes is a red notice from Interpol...and wahala go dey follow you.

MVLOX:
The husband self no sharp.... That kind thing Na croonies you go use so that nothing can be traced to you

Na there u go see the worse betrayal... if I no fit trust my wife, na outsider I suppose con trust?!