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by ALittleLight 1831 days ago
May be they would have to risk a trial to convict both but he would plea guilty to protect his wife. If the state believes he was the most responsible then they may judge a guaranteed conviction without the cost of trial to be worth it.

The wife (and family) lost 2.6 million, plus her job, and the husband - so it's not like she got away with something, just avoided the worst of the punishment.

1 comments

disgorged 2.6 million, that means just losing the ill-gotten gains. It's not fair to call that "lost".
No. $2.6M "in disgorgement, interest and penalties." The ill-gotten gains were only $1.4M.

They had to pay back their gains, pay additional fees, and one of them serves jail time. They did not get away with anything.

If they kept the $2.6M in a liquid saving account just for cases like this one, yeah, that wouldn't be so bad. But I don't expect that's the case and in practice that could mean for example losing her house.