You retards know that pump and dump schemes are illegal right? The SEC actively investigates that, even with shitcoins.
Average investigation takes about 18 months, but they will track you down. There are 14 year old kids that did time in the late nineties for PnD on penny stocks. The SEC shows no mercy.
Other urls found in this thread:
cnet.com
cs.brown.edu
businessinsider.com
en.wikipedia.org
bbc.com
ft.com
en.wikipedia.org
twitter.com
>There are 14 year old kids that did time in the late nineties for PnD on penny stocks.
Wasn't it some kids on an internet forum too? They weren't even advertising it.
>There are 14 year old kids that did time in the late nineties for PnD on penny stocks.
Citation needed
That's the trouble with connecting data cables to pajeet land
Yep - it was on a BBS.
Just google search pump and dump arrest
Crypto is not regulated.
That's why there is no ETF, that's why the market is manipulated, that's why you are free to pump and dump as much as you want.
No consequences for no one.
Prove me wrong...
>settles
No prison time
>Mr. Lebed lured investors into the stocks with predictions that the shares would soon soar in price. He said in one message that a company trading at $2 would be trading at more than $20 ''very soon.'' Another posting said that a stock would be the next ''to gain 1,000 percent.''
kek, lots of anons going to lose their precious gains
So people talk about crypto being unregulated... obviously we can do or say whatever we want, but what exactly would get you in shit in the stock exchange world?
Breaking laws
Incorrect. It's a security. SEC has been working on a crypto enforcement mechanism for last 6 months. They are going to time their first arrests with a congressional action on crypto. St least that's the plan.
The SEC is a civil body and can't put you behind bars, retard. All they can do is fine money ... which you only need to pay if you want to keep trading. Otherwise you can tell them to fuck off.
It's regulated - the crime is fraud, not what you're pumping.
>madoff went to jail
Pumping is part of the fraud. This Lebed kid was apparently in trouble purely because of shit he said online (and the fact that he owned stock).
>your zit-festooned ass is madoff
>in that broken ass chair
The last refuge of the nocoiner is that all crypto winners go to jail.
I'm not from murica, do I need to care what SEC is or does?
It depends on where you are and what sites you are using.
they would have to prove:
>you were intentionally pumping and dumping (as opposed to just making a large purchase)
>you were the one using the computer at the time
>the wallet from which the coins were sent belongs to you
>Google searching flagged words
Lel
>investigating for gibsmemoney
Lmao, fucking hell
By the way, this teen did nothing wrong at all. He bought some stocks and promoted them to make a profit. How this is big daddy's government business is something only literal cucks could understand.
Its simple
Gibs me money
Gibbmedamoney
All the words are flagged.
>>you were intentionally pumping and dumping (as opposed to just making a large purchase)
people are openly talking about this is chat rooms
>>you were the one using the computer at the time
no they don't
>>the wallet from which the coins were sent belongs to you
it's on an exchange with people's personal information
Ur moms flagged
Wait, fuck. Its a classification of all activity l. Even this message
In all of your nocoiner fury, you are supporting the government trespassing on our civil liberties just so that you can say "I told you so". People like you disgust me more than the SEC itself, as at least they are getting paid to do this.
1. I own a lot of crypto
2. I don't get involved in fraud
Not American. Burgers aren't allowed to participate in ICOs as it is, and shouldn't be allowed to be in crypto at all. Fuck off, we're full.
Whatever Nig, nice id. Wait, burgers can't do ICOs? Why not?
Well, one of your BTC addresses has been linked to criminal activity, step into your cell now, citizen. After you give us your private keys. If you don't, you are obstructing justice.
>Engaging in illegal activities
>Muh liberties
For every crypto winner there is a crypto loser - probably several, in fact
Is hyping up Apple products in technology forums illegal? Why should hyping up stocks be?
Are you trying to form an argument?
Oh nice strawman.
Because there's an intent to defraud.
I'm trying to tell you that being a statist cuck doesn't align with your interests as a crypto holder. You are lying anyway.
You're assuming we're Americucks.
>pointing out pump and dump is fraud
>must hate all crypto
Cool, man.
Am I intending to defraud you if I tell you that Macbooks are nice computers and you should get one? Suck a dick, faggot, that's all you were born to do.
It's irrelevant if you hate it, it is against your interests to give the SEC power over crypto. If anything else, value will crush.
SEC has zero power
Your argument is equating fraud to cryptocurrencies. It's not only wrong, it's retarded.
Just read this
cs.brown.edu
Man I hate the government kikes even more than usual now. The kid didn't even create fake alter-ego accounts, he just created extra accounts to bypass a spam filter on Yahoo. Can a person be sued for owning Apple or Nintendo stock if they have no intention of buying a product from either company? Don't think so. Fuck the SEC.
>Ronald Long, administrator of the SEC's Philadelphia District Office, urged investors "to be highly skeptical of any advice they receive from the Internet. People should do thorough research before making investment decisions and verify all information before acting on it."
I don't join in on PnD's and I think the people that fall for it are morons.
On the other hand I'd say the government has no fucking reason to get involved with it. Its none of their fucking business. People know they are getting into sketchy shit, it's extremely high risk/high reward.
But again. Why must the government interfere? To protect morons from themselfs? People have to pay tax dollars because some people are to fucking retarded to see such a simple scam?
It even works out itself, since the stupid people are filtered out after they loose a bunch of money. I just don't fucking get it.
You don't understand what fraud is. The US government is the most hostile government in the world against cryptocurrencies, more than countries like Russia and China. Give them more power, I guess.
>who will think of the children
Boomer idiot
Oh wow. Personal insults.
Are you going to call me Hitler next? Trump? Stalin? Come on, you've got to have better than "faggot" especially since "cunt" is bandied around here as a term of endearment.
Tell that to fucking Madoff and his investors
The government doesn't really care about idiots, it's a pretext to install their own regulation.
>But again. Why must the government interfere? To protect morons from themselfs? People have to pay tax dollars because some people are to fucking retarded to see such a simple scam?
That's the reason on the surface. The real reason is to ensure the goyim stay content with their annual 0.25% returns (pre-inflation) in their (((savings accounts))). Can't let those 30% profit margins in the banking industry go away.
I am going to tell that you are a massive faggot who puts dicks up his ass for pleasure. That is enough fot the faggot that you are and explains your fixation to be fucked by the government.
>Tell that to fucking Madoff and his investors
Next you're going to tell me that the government cares about the sick and poor because they're going after Shkreli, even though they allow companies like Mylan and Merck to rape taxpayers to the tune of tens of billions. They only went after Madoff because he went too far; it's just like the mafia, you watch after your family, but if Tito's third cousin rapes the mayor's daughter, you cut ties and cooperate fully with the police.
Don't forget to pay your taxes like a good goy American.
Say it with me, "Land of the free...."
Thank god I was born outside of Mexic....I mean America
>Ronald Long
>FA hodler
is this self-fulfilling prophecy or irony
there is yvidence
The exchanges should be held responsible for allowing them. If they can't govern over what is happening on their exchanged properly than the SEC should get involved.
businessinsider.com
Nothing happened
>sec
I am Brazilian, mate...
WHAT ARE THEY GONNA DO? Cry?
Excatly.. hence why many say to stay away, it's not federally regulated hence SEC can't touch it.. just a newfag who's butt hurt he bought high, expecting coins to keep going on ONLY one direction, up. Now trying gear tactics to scare other newfags while he jerks off in mom's basement
>hate pump and dump groups
>loves the biggest pump and dump group of them all
At least with Pajeets you are doing it voluntarily, the government is using force to take your money.
>WHAT ARE THEY GONNA DO? Cry?
Depending on the extent of the deed, I guess it is handled at a more local level, no? I would say it is like posting CP on the internet. Both is a crime.
IF cryptos would be regulated. But they are not.
(not versed in law, please correct me if I am wrong)
What is the SEC? Some american bullshit?
That's right, but the brazilian police does not even know what a cryptocurrency is...
>has a third-world subservient socialist mentality
>accuses others of being Pajeets
Even if I wanted to, seems like nothing short of 10 mil is enough to orchestrate one.
I'll just stick to being a big fish riding the waves.
>What is the SEC? Some american bullshit?
Yeah, the Securities and Exchange Commission. Also the Southeastern Conference if you're into college sports
I doubt that the regular police officer knows how someone evades taxes unlawfully.
But they would still arrest you for doing it.
I think it depends on the coin
Lower market cap requires less of an initial pump
>exchange with personal info
You realize you don't have to give accurate personal info to trade on most exchanges, right?
There are easier ways to send your money to India
>the SEC regulates the trade of altcoins
lmao fuckin OP
>government doesn't have the power to regulate whatever it feels like
nice non-argument faggot
>hurdur let me make some retarded generalization in response to your specific point
do you have anything to say or no? just fuck off
you are mentally retarded
>implying im amerishart and i give a fuck
lmaoing @ u living in a third world country, bet you pay taxes on your crypto gains too lmao
So you in crypto but want protection. The whole reason crypto is lucretive is because you dont have to pay regulators. You are on your own. The whole reason we have the sec is because old white women were dumping the family money in "I know a guy" stocks. They wanted an "in". So I regret not getting bitcoin and then selling at triple. Ive never lost a dime on the markets and dont want to start now.
kek yall niggers going to jail
The US is the literal definition of first world. Look it up fagit
retards thinking the feds are gonna van a bunch of Pajeets and the suckers that got scammed
Vitalik and a bunch of ICO's on the other hand....
What is ssi?
Capitalism isn't zero sum
Everyone investing today can be a winner if he just holds
not
how can they prove that you were actually part of a organized pump group and not just reading the market signals and happen to invest in the coin during the pump?
>you were the one using the computer at the time
lolololololol I remember thinking like this when I was 14. Such a childish understanding of the legal system. "Some bad financial criminal broke in and used my laptop, it wasn't me!"
Subpoena of IP logs on Discord chat rooms
If I destroy my computer, will I be safe? Kinda freaking out desu
what is a vpn?
It stands for virtual private network.
The government won't do shit. Watch.
SEC can enforce securities law on any "instrument deemed an investment contract." That applies to crypto. Did more detail, see SEC v. WJ Howey Co.
en.wikipedia.org
Fraud
On August 6, 2013, Magistrate Judge Amos Mazzant of the Eastern District of Texas federal court ruled that because cryptocurrency can be used as money, it is a currency or form of money. This ruling allowed for the SEC to have jurisdiction over cases of securities fraud involving cryptocurrency.[42]
On December 1, 2015, the owner of the now-defunct GAW Miners website was accused of securities fraud following his development of the cryptocurrency known as Paycoin. He is accused of masterminding an elaborate ponzi scheme
bbc.com
A financial trader has been arrested in the UK after US authorities accused him of contributing to the 2010 Wall Street "flash crash".
wants to extradite on charges of wire fraud, commodities fraud and market manipulation.
ft.com
HSBC trader to fight extradition to US in forex case
was arrested on Monday in the UK at the behest of US authorities, who have charged him with forex-rigging.
The case may raise issues of jurisdiction. The UK’s Serious Fraud Office dropped its own criminal investigation into rigging forex market after deciding there was insufficient evidence to mount a prosecution.
When weighing extradition to the US, a British judge has to be convinced that the allegations amounted to a crime in the UK too
I think that Brazil doesn't have a extradition treaty so you might not be.
en.wikipedia.org
The ostensible purpose of the status designation is to protect potential investors from risk.
to be considered an accredited investor, one must have a net worth of at least $1M. "accredited investor" is defined in Rule 501 of the SEC
Get out of here with that gay shit no taxes, no sec no rules
I can't wait for all the cryptokiddies to get busted.
Remember, no settlement without paying back any profit you made.
GIVE ME MONEY
17nY8KDMCJBELDf99V44LfNzN2cW1Q1rKN
>what is a vpn?
A private network that you, in most cases, connect to directly from your home IP and is required by law to keep logs for law enforcement?
Always kills me the amount of retards who think hopping on a VPN makes them anonymoose. That's literally how LulzSec got caught.
People like you are the scum of the earth
>tell them to fuck off.
You know there are phones in both SEC and US Attorney's offices, right?
Your anger is amusing, nocoiner. Keep going.
