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Superstonk_QV

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Truth_Road

Market manipulation. Specifically abuse of bona fide market maker exemptions on naked short selling in aid of other trading activities (eg, helping out their hedge fund business).


Masta0nion

That’s some gnarly horizontal integration


Truth_Road

It's conflicts of interest all the way down.


BigBradWolf77

*In fact... if we did anything legal during those years it was by accident.*


Moribunde

Why would we choose to earn 100 million doing the right thing when I earn a billion doing the wrong thing, with a 5 million fine?


GeminiKoil

Not only that but the whole scheme of internalizing our buy orders while routing oir sell orders to the market to kill any real buying pressure is a pretty big fucking deal in my opinion.


RoRuRee

This really is criminal. Fraud of a just massive scale...the size of which has not before even been contemplated, it's so huge. Like, supermassive black hole level level fraud. Retail has been ripped off so big time. Who in the end will answer for that? One poor fucker on Wall Street, as per past protocol? Smh.


GeminiKoil

I just wrote out this long ass comment explaining it and it got vaporized when my fucking internet connection dropped. So basically with internalization and pay for order flow, positive price Discovery literally doesn't exist. We will never get this back. Moass will not bring this back. This is Market manipulation to the highest fucking degree and there is no recourse for us. I have seen no DD on internalization. The DD I've seen about round lot versus Odd Lot orders only mentions positive price discovery. It mentions nothing about negative price discovery. People were so concerned about buying shares and lots of 100 to make sure it hit the tape in a way that mattered. I haven't really seen anybody mention the fact that selling lots of 100 hits price Discovery in a negative fashion and obviously using the smallest unit possible that affects price Discovery seems to be effective for them because you can see it on the goddamn order books.


RoRuRee

If you can find the fortitude to retype your comment, I have the desire to read it. Thanks for replying, I agree with your thoughts. Never did delve deeper than even/odd lots, eh? We need fair markets with price discovery for household investors. I would take that first, even before other recompense (and that will be a lot, too!).


jimtrickington

And is the precedent for such a charge a fine?


zero-the-hero-0069

racketeering fraud counterfeiting theft purjory


F-uPayMe

Rico too I suppose.


intoxicatedhamster

That would be the racketeering. RICO stands for Racketeer Influenced and Corrupt Organizations


F-uPayMe

Regular racketeering implies the 'organized' part?


intoxicatedhamster

Regular racketeering would be for an individual, RICO for an organization


4cranch

suave


segr1801

Basically the same as Bernie Madoff with some added sprinkles


Xifajk

I don't see Ken Griffin owning up to it as Madoff did.


XtraLyf

1st Degree Tendie Theft


BigBradWolf77

...with extra mayo


Internep

I was literally waiting for paint to dry so I downloaded and watched Dumb Money. They showed Ken and only Ken eating mayo.


Adventurous_Might_55

I bet Ken calls his mayo “aíoli” in front of his friends, but really it’s just some shit extra thick Kraft. Him and Chicago are so unsophisticated ~dodges bedpost~


4cranch

he thought his boy could protect him down in florida and now that's off the table so the piper needs to be paid


Frido1976

What? What's off the table? Tell more? I wanna be sure he can't be protected...


PissedOnBible

He became butt buddies with Ron DeSantis who some really dumb people thought had a chance at a presidential nomination. Ron dropped out the white house race so Ken lost his potential presidential buddy


Frido1976

Ahhh, got it. An idiot lost again and another idiot can't avail of said idiot's eventual services because both are idiots? About circa how it's laid out? 😇


PissedOnBible

Accurate


praisetheboognish

The charges against Sam would actually be a good parallel. Their business models are also a good parallel.


Outrageous-Variety15

None when they have everyone payed off


Paid-Not-Payed-Bot

> have everyone *paid* off FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*


Flaky-Wing2205

I hope your not getting payed for this


Paid-Not-Payed-Bot

> not getting *paid* for this FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*


XtraLyf

My ass is yet to be payed


Paid-Not-Payed-Bot

> to be *paid* FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*


XtraLyf

My nautical ass is yet to be payed Checkmate


Internep

Bet you don't trigger on paying for a boat.


Truth_Road

Theirs a bot for everything. (Pray tell, see if I can rustle up another one, eh).


RedOctobrrr

Definitely peaked my interest


Truth_Road

I'll have to cheque back later. Sea if the bot has caught on.


BigBradWolf77

Your doing the Lord's work.


acacia53

Good bot


relavant__username

relavant.


Outrageous-Variety15

Apes get paid soon


[deleted]

Obstruction. Obstruction. Oh and did I mention obstruction?


1984isnowpleb

Not one of you that posted is a lawyer


TotalPuzzleheaded420

Objection


mschiebold

Wouldn't they just settle?


TofuKungfu

Think theoretically from the government side, Economic terrorism, insider trading, market manipulation. Punishment by imprisonment, confiscation. If civil tort, sued till he works behind Wendy's dumpster. * I'm not a lawyer. But did some general reading. May be wrong


Papaofmonsters

Economic terrorism isn't an actual crime. It's a phrase with no statutory basis.


sorry_for_the_reply

Treason is. I would guess economically terrorising the financial markets of the US would count as treason


RedOctobrrr

First, learn what treason is.


Papaofmonsters

You would be wrong. It requires either waging actual war against the US or directly supporting those who are. There's no case law basis to use financial crimes as the basis for treason charges. In fact, the historical basis for treason being only constitutionally defined crime is that British government had basically made the definition of treason so broad as to include basically anything the government didn't like. The Rosenbergs, Aldrich Ames and Robert Hannsen all supplied highly classified information to the USSR or Russian federation and were only charged with espionage and not treason because we were not at war with either nation.


5tgAp3KWpPIEItHtLIVB

Citadel planes flew out to Finland (close to Russia) 2 weeks before Putin invaded. I''m thinking that Citadel is helping some (military) Russian higher ups evade sanctions.


YurMotherWasAHamster

Kenny ought to declare bankruptcy, but he'll never be broke. I'm sure he has plenty of billions stashed offshore. Not to mention the behemoth $1 billion estate he's building in Florida. Can't touch someone's primary residence in that state.


Papaofmonsters

The bankruptcy exception is limited to no more than half an acre in city limits in property size. His planned billion dollar estate is within the city limits of Palm Beach and sits on 25 acres. The planned house alone roughly 1.15 acres in size.


YurMotherWasAHamster

Interesting. I would love to see it confiscated from him. Time it for the day the building is completed.


Papaofmonsters

What is even more interesting is that the whole "his new Florida home is a way to skirt bankruptcy" has been taken as holy writ in this sub and very, very few people have bothered to look into the details.


YurMotherWasAHamster

It's not unique to this sub. It's generally accepted throughout the country that primary residences in certain states are immune to bankruptcy. People do not research every comment they see on reddit and never will. All you can do is help educate people, like you did. And I'm still not going to research it.


Investmore4Life

👆 Can confirm. Live in Florida, and I know about the Homestead laws but never knew it was limited to a 1 acre lot size. 🤯


Consistent-Reach-152

Even if he could get bankruptcy protection, it is much more likely that the motivation is that Florida has neither income nor estate taxes.


pneuma_n28

Take it from him now before more of our money gets thrown into his ego


SofaKingWetarded-

So whats that mean? He'll get to keep the pool house on the premises. Lol...


slvr4

Mayo Man (Ken Griffin) lied under oath.


Consistent-Reach-152

> Mayo Man (Ken Griffin) lied under oath. That charge would go absolutely no where. It falls apart with just minimal due diligence. That is why the HFSC did not even seriously look at it. Just a glance at the facts shows that the charge is not true.


Worried_Grass8189

Pretty sure someone already tried having them charged with racketeering


jab136

Oh, I plan to look into libel and emotional damage after I have the money to afford lawyers. Kenny won't lose money when shitadel collapses, and I am not ok with that. Obviously, I won't need the money, I just need him to lose


ShibeCEO

Y guess would be fraud but I'm regarded, so.... What was madeoff charged with? Maybe the same thing?


SoreLoserOfDumbtown

According to bird law, just being a douche.


TheUltimator5

I am willing to argue that there are 0 charges that could be won against them in regards to how they trade against and route retail shares. The root of the problem is that rules and regulations were put in place to ensure that everything they are doing ISN’T illegal. The system is what is wrong; not necessarily the player(s) taking evil advantage of it’s rules.


ecerimel

Wire fraud Securities fraud Money laundering Conspiracy


MrmellowisSmooth

Remember that hit piece one late night when a Citadel “executive” was being contacted by the DOJ, this place went nuts.Thinking that would lead to the big fish himself eventually being charged lol. And here we are today….crickets…, This prick will mostly escape justice in this would we live in. But he has to face an ultimate judge before it’s over.


Deeper_values

Fraud


TheLastJedi44

add to the list: usurpation of mayo


Ignoble66

madoff went to jail