You are comparing Sarao's case to Segey. About Sarao : just quoting : - He had previously been warned about his professional behaviour, but is said to have told representatives of the Chicago Mercantile Exchange to “kiss my ass”. I wonder whose ass he is kissing now. - Mr Sarao’s bail also includes a ban on using the internet The judge said his computer use “has clearly upset the Americans, to put it mildly”. Good Judges , specially in this types of transatlantic situations, will be "informed" about the real motives. They could be looking for a gang, Sarao being just the member caught. - Then you have stuff like : but not one that got caught, He got away with things. One question I'd ask is "is he someone used to lying even when evidence is put in front of him?" - Now, you have the guy setting offshore companies (hidden side) , while registering ltd one in the UK ( front: what he wants to show). And I guess some people must have felt "taunted" by Nav Sarao Milking Markets) - AND what interested me much more was the : 11 years of trading from his parents' basements. And the guy was based in London!!!! Come on : the guy is keeping quiet about the "others". You daytrade for 11 years in London, and are not going to be "invited" to some dodgy stuff??? Few months in, there were rumors of a trader changing country for "family reasons" so as not to get involved into the building of an illegal spoofing software. And that was in 2008/2009. And then you have the Dad's behavior. Some Greek politicians have be known to use grand-mothers and mothers to hide money. I'd bet, he is just the tip of an iceberg. Obviously, he does not know anything, has heard nothing, has always been doing his stuff alone. I hope for him the FBI ( MI5 and thus MI6 as he has overseas attach) won't be starting to dig deep into trading friends, colleagues and acquaintances in the trading world. For me, as all of this is going through a Law Court, aka no stories of the accuser being the judge and executioner : where is the problem? He knows the charges and their evidence, he has a lawyer. And he also has access to the main media.
Segey : it looks to me Sergey was not messing up with Goldman; more like someone in Goldman wanted to mess up with him, because he was the golden goose and this someone at Goldman was kind of living off Sergey's genius skills. The golden goose walking away was a potential huge loss for the "freeloader". But then, correct me where I am wrong.
bottom line goldlman was upset he left and used the good offices of the FBI to intimidate or as the lawsuit says to maliciously prosecute him on behest of GS>
First, GS did the right thing : they put their complaints. Harshly: certainly. But at the end of the day, all of this went through a legal process at the issue of which Sergey was cleared. GS could have payed some mob to do some dirty work on Sergey: GS went through the legal channel. Second, Sergey instead of leaving, could have arranged himself to get fired , as some traders do to get their many years contract broken. Certainly Sergey did not assess well the value GS put on him.
it cost Sergey several millions of dollars to defend himself and a year in prison and a few years dealing with the Feds., that is not justice. " your end of day comment is completely divorced of empathy. it should not happen to anyone. not good.
Now, I pointed out that GS could simply have hired the mob and today Segey would be in some graves somewhere, if not, could have been via mob methods turned into a total and complete homeless person despised by everyone, and at his death, nobody would be caring about him. GS did the right thing : they went through the LEGAL process. GS did not act as : Accuser , Judge and Executioner. GS was Accuser , so they took some legal actions to Accuse, and the Legal process went on. Sergey had his Legal rights respected : he thus was able to take a lawyer as he knew who the accusers were, and what the charges were. Now that GS was very well adviser : that is clear, and I hope Sergey will go on writing best sellers on how banks can weight too much on someone's life. But the fact that GS use the Legal System totally earned my respect ( and I am very economical on that). Sergey can always write a book and have this become a first read for any GS potential client.
Large corporations use the legal system to economically destroy small individual defendants all the time! Your measure of respect is that they didn't resort to mob violence to solve the "problem?" Not using illegal oppression is a base level of moral approach to problem solving, it doesn't warrant respect. Do you live in Russia or something?
No, from Western Europe. My measure of respect is they used the Legal System. And yes, I totally respect GS for that : GS did not hide who they were, and what they were accusing Sergey of. GS did not go on trying to kill Sergey without any checks/balance about any accusation or accusator. Now, if you feel your legal system has weaknesses, then being in the West, it is your duty to get active in getting improvements brought. Please have a search in these threads and put in there on the search section "criminal" "pimp" "females" "stalking" "police" The whole threads to read would be too long. This so that you understand that going the Legal road means something. * 1st one : http://www.elitetrader.com/et/index.php?threads/spirituality-videos.259035/ ( start by the end. If you want to know how things were set to get it closed I'll provide details in PM) * 2nd one : http://www.elitetrader.com/et/index.php?threads/spirituality-videos-part-ii.266315/ ( start by the end. If you want to know how things were set to get it closed I'll provide details in PM) * and 3rd one ( with failed attempts at closing it down) http://www.elitetrader.com/et/index.php?threads/the-day-to-day-psychology-of-a-trader.289762/ ( start from the beginning page 1)
you may live in western europe but your way of looking at this situation suggests that you are from eastern europe. where are you originally from and where in western europe are you living now?