Most of the deals he had with the same clients did very well. The bail was reduced to $5 million! He was remanded at first!
2007-03-07 01:42:57 · 3 answers · asked by julie j 3 in Politics & Government ➔ Law & Ethics
There's a crime in there somewhere - be honest about it. He wasn't charged with giving bad advice - he misled the investors, lied to them, or embezzled funds. Stop trying to paint the slimeball as a saint, or you won't get any useful information here.
It still sounds like his bail was reasonable.
2007-03-07 01:48:08 · answer #1 · answered by Anonymous · 1⤊ 0⤋
No one gets 5 million for a bail amount for one bad stock tip -- either there are things you don't know or aren't willing to tell.
Then again - they let Andrew Luster out on a Million dollars and he had 84 rape counts against him so it makes no sense for a white collar crime to be higher.......and he promptly jumped the border and fled to Mexico.
He was supposedly not a "flight risk" either.
2007-03-07 09:50:50 · answer #2 · answered by Susie D 6 · 1⤊ 0⤋
Insider trading? Embezzlement? The bail is probably appropriate. Once the trial is over the bail MIGHT be returned if it is paid.
2007-03-07 09:50:08 · answer #3 · answered by Timothy M 5 · 1⤊ 0⤋