Hacker News new | ask | show | jobs
by ycombobreaker 1830 days ago
disgorged 2.6 million, that means just losing the ill-gotten gains. It's not fair to call that "lost".
2 comments

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.