Post #78439 by Goofyhoofy on the US Policy board

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I wonder what they think was the criminal infraction? It wouldn't be insider trading, since there's no material non-public information that he owed any fiduciary obligations on - it's just his own private actions.

Simple fraud isn’t good enough? He clearly defrauded people who bet the other way, based on his repeated assertions that he was going to be there. Then he bet he wouldn’t be there, and surprise, surprise, he wasn’t. Therefore he defrauded those who bet based on his assurances, no?

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