I am sure they would have made more money just making fake YouTube crypto livestreams impersonating Saylor and Vitalik Buterin. No arrest risk either. I dunno why anyone would manipulate stocks or insider trade. Your adversary is the US federal government, the most powerful entity in the world with near unlimited resources at its disposal. Also, being busted for one trade means you will be busted for all of them because it's all recorded.
I'm also curious how much they profited on this scheme, and how much capital they had to amass to get it started. It seems like a big investment and a lot of hard work by a lot of people! It's too bad they were using it to defraud people.
Criminals generally have poor risk v. reward assessment, even white collar ones. 5 guys work together to rob a bank..if they just put 1 year of work at a 30-50k/year at a legit job, they would have same amount with no risk. They are not the smart, hence crime.
I'm also curious how much they profited on this scheme, and how much capital they had to amass to get it started. It seems like a big investment and a lot of hard work by a lot of people! It's too bad they were using it to defraud people.
Criminals generally have poor risk v. reward assessment, even white collar ones. 5 guys work together to rob a bank..if they just put 1 year of work at a 30-50k/year at a legit job, they would have same amount with no risk. They are not the smart, hence crime.