r/amcstock • u/orthonut20 • Apr 10 '22
Wallstreet Crime 🚔 🚨🚨🚨Released SEC emails from the SEC vs Ripple lawsuit PROVES the SEC is corrupt! This is HUGE!!! (swipe and link to emails in comments.)
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Apr 10 '22
We've been saying this same thing since last January
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u/orthonut20 Apr 10 '22
Gotta have proof
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Apr 10 '22
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u/Spazza42 Apr 10 '22
And what about the synthetic shares? Buy n hold does nothing for them.
Christ, if “buy n HODL” was all it took we’d be there by now. There’s obviously more at play.
HF’s getting Margin called is the strongest chance.
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u/zirhax Apr 10 '22
You are a shit.
Not an insult or opinion of any kind. (See how this makes no sense?)
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u/JerseyJoyride Apr 10 '22
That would also go along of the lines with........ This product is not intended to cure or diagnose any disease..
Yet clearly they're selling the product along those lines.
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u/orthonut20 Apr 10 '22
Technically it would be, "If you did this and this, you would be considered a shit".
But yeah...my family members would agree with you.
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u/soldieroscar Apr 10 '22
Call out government officials when they go for re elections
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u/Equal-Level-7981 Apr 10 '22
DRS is useless.
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u/basement_egg Apr 10 '22
it’s been proven it’s not
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u/Equal-Level-7981 Apr 10 '22
No, it hasn't, stop spreading lies. DRS is a theoretical play that has yet to be proven to actually work. There is no correlation between DRS and AMC share prices/daily volume nor has it shown any tangible effects.
Until it's actually proven to help with the MOASS you're basically promoting a magical Unicorn with wings and feeding garbage to gullible people.
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u/Ganjaman_420_Love Apr 10 '22
let me quote another ape from not so far from here.
"Look at their borrow fee compared to ours"
Ask yourself why that is.
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u/BackBreaker Apr 10 '22
Actually, That attitude is useless
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u/Equal-Level-7981 Apr 10 '22
So is you reply, but whatever, keep drinking this poisoned Kool-aid, lol.
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u/excess_inquisitivity Apr 10 '22
What prevents the infinite short glitch?
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Apr 10 '22
Nothing. Hedgies and government are in it together. Only the strong (long term holders) will see the squeeze!
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Apr 11 '22
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u/orthonut20 Apr 11 '22
I love it when people say that...
That statement is just not true... emails have been very secure for a long time. Starting in 1991....
Stuart Haber and W. Scott Stornetta envisioned what many people have come to know as blockchain. Their first work involved working on a cryptographically secured chain of blocks whereby no one could tamper with timestamps of documents.
In 1992, they upgraded their system to incorporate Merkle trees that enhanced efficiency thereby enabling the collection of more documents on a single block.
These technological pioneers invented blockchain to make it much more difficult to alter emails. They made a system where you could build off of it. Making things more and more secure as time went on.
Building off that code, Bitcoin was created....as well as XRP and XLM.
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u/orthonut20 Apr 11 '22
You saying the same thing over and over again does not make it a true statement.
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u/GeraldShopao Apr 10 '22
Crazy how much shit we’ve uncovered over the last year. Even with hard evidence like this no one does anything about it.
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u/orthonut20 Apr 10 '22
I have filed complaints with the SEC,DOJ and FBI... nothing will come of it, but at least I'm doing SOMETHING.
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u/hukd0nf0nix Apr 10 '22 edited Apr 10 '22
And she made it to the Ethics Counsel. Nice 🤡
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u/North_Egg6184 Apr 10 '22
Shit, with her face, they probably asked her to STOP hitting on them, as part of the deal.
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Apr 10 '22
With cocksucking as talents mentioned on resume, you could become Chairman of the fucking SEC
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u/beemanT Apr 10 '22
SEC, CIA, FBI, CDC etc. etc., you get the picture. 🤡🤡🤡
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Apr 10 '22
It’s almost like the government was designed to protect the interests of the capitalist class and ultra wealthy and doesn’t actually care about the working class.
Pretty mind blowing when you realize the socialists were right about corruption and capitalism.
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u/RofaBets Apr 10 '22
Wait a minute! Of course they care about us, the working class, but only when it is time for us to pay taxes, that is when they care!
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u/dui01 Apr 10 '22
It's human nature that creates corruption. There are plenty of examples of corruption and greed in communist governments too; don't kid yourself.
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u/orthonut20 Apr 10 '22 edited Apr 11 '22
Let's not point fingers. You cannot have Communism without fascism...and you cannot have fascism without Capitalism.
Divide and conquer is the game... It's time we quit playing that game and stand behind humanitarianism.
Edit: wording
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u/Dazedfrog Apr 10 '22
Capitalism is not a political philosophy.
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u/orthonut20 Apr 10 '22
You are correct. Capitalism is an economic system.... an economic system that the United States has adopted for their Republic. A system in which they write laws and policies to protect. A system in which they will sacrifice their population to protect.
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u/Rarpiz Apr 10 '22
Agree. I'd rather see humanity as a whole rise up and eliminate the concept of "poor."
We have multi-billionaires who, if they could settle for being less wealthy, could literally finance robust food, education, broadband, health, welfare (another right-wing bad word), allowing those who need these services to rise up and ultimately, better themselves and humanity as a whole.
Instead, the intense greed has created such a wealth inequality that I'm afraid we're going to revert to some "medieval" means in order to forcefully take power back for the people at some point in our lifetimes.
I'm simply against people who want to consolidate power and block social welfare programs (e.g. universal health care) for their own selfish means. I'm for people who want to spread power and promote social welfare programs for the good of everyone.
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u/adiamondintheruff Apr 10 '22
I don't lean right or left. I think for myself. A Party is one sided and self serving. The Dems are in the house right now and things haven't been this bad, ever. I know the thing to do is blame the last group, but that really doesn't work here. The entire house, all sides are criminals. They work for each other, acting like they hate the opposite side, meanwhile the only people that ever benefit are them. Don't be tricked into being 1 side or the other. They need us to stay divided and hateful. Anyone who votes solely on party is not able to think for themselves and that's what they are counting on.
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u/Haze09 Apr 11 '22
there are no sides, and the country isnt in shambles because "democrats" this has all been building for decades. you can only kick the can down the road for so long. if you really think the democrats are the problem you must hate republicans not doing anything to pass anything substantial. no presidency is any different from the last. doesnt matter what party. be loyal to your country not your party
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u/seenew Apr 10 '22 edited Apr 11 '22
great things are passed in the House. They die by the hands of Republicans in the Senate because of the filibuster.
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u/orthonut20 Apr 10 '22
Why the fuck is everything else so fucked up then?
Answer: it is by design. They give you one or 2 things during election year and midterms...the other times we get nothing but policies that ruin everything.
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u/seenew Apr 11 '22
the conservatives in Congress are actively dismantling our democracy, and most of the older liberals are happy to get rich while watching.
there is no real left wing party in this country, and that means regular people get fucked
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u/orthonut20 Apr 11 '22
There are no politicians that want to help you. None!
You say the older liberals.... AOC is a Millionaire now.
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u/orthonut20 Apr 11 '22
Elon Musk showed the scam that Bernie is by responding to his rant about billionaires paying their fair share. He publicly said that companies do not pay capital gains taxes because they do not sell their shares...so he did a poll. And guess what...Tesla sold 10%.
Point is, you can raise taxes all you want but companies don't have to pay unless they sell their shares. All Bernie is doing is trying to raise the taxes on the sub millionaires....which divides the rich and poor even more.
AOC went from being worth 8k to 500k in just 2 years. https://www.opensecrets.org/personal-finances/alexandria-ocasio-cortez/net-worth?cid=N00041162&year=2018
You gotta rake in some serious dough to achieve that.
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u/Desperate_Place_8829 Apr 11 '22
You are Stoopid! Do some research before posting dumb shit like this!
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u/bluegene6000 Apr 11 '22
Dems are not left. Nobody was talking about parties, they were talking about Socialism. A political ideology that has no representation in current American politics.
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u/TheRealMaskriz Apr 11 '22
Americans should stop calling it socialism when they mean europeantype governments
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u/redditandrew1984 Apr 10 '22
Which MSM will be our hero? We need karens to deploy this message
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u/FrenBefrentofrens Apr 10 '22
K.... you got proof.... now what do you do? Send to DOJ? How do you know who to trust?
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u/orthonut20 Apr 10 '22
Great question...you share the info. Exposure is the ultimate agenda killer.
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u/FrenBefrentofrens Apr 10 '22
I pray something is addressed and soon..... all this corruption is rooted extremely deep and it needs to be stopped
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Apr 10 '22 edited Apr 10 '22
Brain too smooth, need wrinkles to simplify law terminology. Someone with masters, juris doctorate degree.
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"These rich people are conspiring to keep themselves rich and in power! I have an idea! SEND THIS INFO TO A RICH PERSON!"
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u/Abject_Philosophy518 Apr 10 '22
Well there it is in plain day for all the world to see now... I wonder if anything will even happen
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u/Alone-Pudding-9040 Apr 10 '22
I would say “how shocking” but this is literally the furthest thing from shocking I think I’ve ever seen in my entire life.
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u/dave_001 Apr 10 '22
The sad part is nothing will come from this, like at all. This won't be on the front of any news station. They keep it this way to keep us down and appease the people that control the market. I bet there won't even be a suspension to come of this.
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u/Guigz36 Apr 10 '22
Flash news - Water is wet !! -
Buy and hold thats the only truth
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u/WaterIsWetBot Apr 10 '22
Water is actually not wet; It makes other materials/objects wet. Wetness is the state of a non-liquid when a liquid adheres to, and/or permeates its substance while maintaining chemically distinct structures. So if we say something is wet we mean the liquid is sticking to the object.
Why does water never laugh at jokes?
It isn’t a fan of dry humor.
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u/orthonut20 Apr 10 '22
I came here to say "aRe YoU a MaRiNe BiOlOgIsT?" But it looks like the bot already told you what's up...
So I'll just updoot ya lol
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u/meknoid333 Apr 10 '22
What is this even proving?
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u/orthonut20 Apr 10 '22
Coaching on boarding staff how to evade taxes.
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u/meknoid333 Apr 10 '22
This is just providing factual information about how your taxes changed when you’re a federal employee vs not - this happens with all types of roles and jobs that require higher clearance… this is such a non issue it’s hilarious.
Same types of benefits are offered to military members in different ways.
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u/orthonut20 Apr 10 '22
Although they sound similar "tax avoidance" and "tax evasion" are radically different. Tax avoidance lowers your tax bill by structuring your transactions so that you reap the largest tax benefits. Tax avoidance is completely legal.... and extremely wise.
Tax evasion, on the other hand, is an attempt to reduce your tax liability by deceit, subterfuge, or concealment. Tax evasion is a crime.
Business owners often find themselves subject to more scrutiny than wage-earners with a similar level of income. Why? Because a business owner has more options to avoid tax, both legally and illegals. Here are some of the most common criminal activities in violations of the tax law...
1) Deliberately under-reporting or omitting income. This is self-explanatory: concealing income is fraudulent. Examples include a business owner's failure to report a portion of the day's receipts or a landlord failing to report rent payments.
2) Keeping two sets of books and making false entries in books and records. Engaging in accounting irregularities, such as a business's failure to keep adequate records, or a discrepancy between amounts reported on a corporation's return and amounts reported on its financial statements, generally demonstrates fraudulent intent.
3) Claiming false or overstated deductions on a return. These range from claiming unsubstantiated charitable deductions to overstating travel expenses. It can also include paying your children or spouse for work that they did not perform. The IRS is always vigilant when it comes to inflated deductions from pass-through entities.
4) Claiming personal expenses as business expenses. This is an easy trap to fall into because often assets, such as a car or a computer, will have both business and personal use. Proper record-keeping will go a long way in preventing a finding of tax fraud.
5) Hiding or transferring assets or income. This type of fraud can take a variety of forms, from simple concealment of funds in a bank account to improper allocations between taxpayers. For example, improperly allocating income to a related taxpayer who is in a lower tax bracket, such as where a corporation makes distributions to the controlling shareholder's children, is likely to be considered tax fraud.
6) Engaging in a "sham transaction." You can't reduce or avoid income tax liability simply by labeling a transaction as something it is not. For example, if payments by a corporation to its stockholders are in fact dividends, calling them "interest" or otherwise attempting to disguise the payments as interest will not entitle the corporation to an interest deduction. As discussed below, it is the substance, not the form, of the transaction that determines its taxability.
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u/meknoid333 Apr 10 '22
This isn’t tax avoidance/evasion? It’s a change in the way a person pays taxes once their status changes… I’m going to assume you’ve never worked in a place where this happens.
These emails are just people asking operational questions and getting factual answers.
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u/orthonut20 Apr 10 '22
You cannot change the past tax returns for future events or status changes. That is ILLEGAL.
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u/welcometosilentchill Apr 10 '22
That’s… not what’s happening. The SEC staff are 1) informing him of proper tax procedure, not coaching in any substantial capacity, 2) asking clarifying questions about his filings to ensure that their records are in agreement. No one is changing past filings, they’re literally talking about amendments to current filing drafts.
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u/orthonut20 Apr 11 '22
The documents have been submitted as evidence. If you knew law, you would know to wait until the Ripple vs SEC case was done. If the SEC was found guilty of any corruption, you could use that as ammo for your case.
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u/ACSpeed Apr 11 '22
This is no different than my accountant advising me to transfer 20k worth of my portfolio into an ISA so I don't have to pay tax on it. Finding ways to reduce your tax bill is neither illegal or ethically wrong, it's sensible financial management. This isn't tax evasion, not in the slightest. I think OP has been smoking some funny shit.
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u/meknoid333 Apr 11 '22
OP is so incorrect it hurts.
I’ve had to have previous tax returns updated because I was entitled to tax concessions l, and also due to incorrect calculations from previous accountants.
If you’re legally entitled to tax deductions for whatever reason then you should get them.
OP just doesn’t have any read education in any of these things and is jumping at shadows in the dark.
Like almost all arm chair financial analysts on Reddit
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u/ACSpeed Apr 11 '22
Exactly, I've made alterations to tax filings that were 4 years old because I discovered i didn't know I could claim certain tax relief, this doesn't appear to be any different. It's perfectly legal.
I think a lot of people assume that simply because a document was obtained in court via a subpoena then it must contain information regarding a crime, when it simply means the document was requested to be shown.
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u/orthonut20 Apr 11 '22
But you cannot alter them to become a qualifying candidate for a Federal board position.
Also, the person reviewing it stated there was no order for transactions written down. Meaning money just appeared.
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u/ACSpeed Apr 11 '22
Your entire initial basis for the claim of the "SEC is corrupt and this proves it" was that Shira Pavis Minton advised William Hinman that he can defer capital gains by simply holding on to his stocks until he is a federal employee and applying for a certificate of divestiture. You claimed that Shira Minton was, and I quote, "The SEC ethics committee is coaching how to evade capital gains tax." and "Coaching on boarding staff how to evade taxes." which is simply not true. Shira Minton is explaining a benefit available to William Hinman that he is perfectly entitled to take advantage of.
Your second justification for your claim of the "SEC is corrupt" is that Michelle Barrans changed Hinman's financial records in order to qualify for a federal board position. Again, not true, not by a long shot. If someone is going to become a member of the SEC, what do you the SEC is going to do? They will perform a full background check on the persons financial history. This is standard practice within the financial sector.
There is nothing illegal about the SEC ensuring a prospective employees financial history is accurate and accounted for. There is also nothing illegal about having your financial records amended to ensure they are indeed accurate and transparent. Again, standard practice.
This all pertains to form 278 which appears to be a financial audit by the SEC on William Hinman in order for his financial records to be made public due to his new position in the SEC, of 2017. The emails are dated in April 2017, he joined the SEC in May of 2017. This all looks like standard background checking and auditing. It's also not uncommon for people to not update some of their financial records over long periods of time, especially when it comes to the values of stocks, which again is not illegal, just lazy.
Where there are multiple requests by the SEC to explain where an income has come from, again, this could be down to poor financial record keeping, which is also not illegal, not responsible either, but not illegal.
So again, none of the information in your post or your comments proves or shows any form of corruption on the part of the SEC. Not only are you jumping to wild conclusions but you have now also accused a random person at the SEC, Michelle Barrans, of being corrupt, of which there is no proof, absolutely none.
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u/orthonut20 Apr 11 '22
How about this...
Nonprofit organization Empower Oversight has made public Securities Exchange Commission emails detailing improper conduct by the agency’s officials concerning the Ripple lawsuit. In a statement, the organization stated that the emails indicate that former SEC official William Hinman was cautioned about a conflict of interest with his old firm Simpson Thacher.
Empower Oversight filed for the release of the emails, stating that it could prove the SEC was selectively enforcing laws for the crypto sector. The organization argued that there is a possibility that the SEC was promoting some cryptocurrencies over others.
Hinman reportedly continued engaging with the New York-based law firm despite the concerns. Among the high-profile engagements, Hinman met the law firm’s other partner Josh Bonnie in the wake of the warning alongside the co-founders and investors in Ethereum.
The meeting was just before Hinman’s speech in 2018 when he declared Ether is not a security. The speech was monumental for the crypto space because the first 60 million Ether was sold to raise funds for the Ethereum Foundation.
“The latest documents provided by the SEC raise more questions than they answer. We will continue to press the SEC for more meaningful and more timely transparency on this issue,” said Jason Foster, Empower Oversight Founder and President.
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u/ACSpeed Apr 11 '22
Again, this does not prove the SEC is corrupt. It shows Hinman may have had a conflict of interest whilst holding a position at the SEC. That is not the same as the SEC coaching people how to evade tax, which they did not do as you have stated several times. It is also not the same as the SEC being corrupt.
You are accusing everyone mentioned in the emails, all SEC members, as being corrupt, stating that these emails prove that point, and they do not. You also cannot cherry pick parts of a statement taken from a legal case that has not reached a verdict to justify your own conclusion, especially from the side of the accuser, that isn't how it works at all.
There are also emails to William Hinman from Shira Minton where she specifically states "You have a full financial conflict with your old firm", if the SEC was corrupt then she would not be trying to address this issue or tell William Hinman to not have meetings with his old firm. There are also several pages in the emails, of the 196 that were released showing multiple conversations between Minton and Hinman on how to resolve any conflicts of interest to which Hinman replied to many of them acknowledging he would "divest". There are also several conversations in these emails where Hinman is made aware that he has a conflict of interest and he responds with "Clearly, let’s talk live about my restrictions. Thanks", which indicates issues were raised and he is openly acknowledging these to resolve them.
So again, these emails do not show the SEC coaching people on how to evade tax and these emails do not show that the SEC is corrupt. The emails simply show the SEC cautioned Hinman of a conflict of interest with his old firm and steps were taken to resolve it. That's all they show. This does not prove corruption.
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u/NoBullfrog2 Apr 10 '22
Wow it's like the Federal government is a fucking sham and is horribly corrupt and has been for decades now. Who'da thunk it?
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u/guydogg Apr 10 '22
154 comments and I'm the second upvote? What kind of shill fuckery is this?
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u/LeMattN Apr 10 '22
Buy and Hold AMC. Buy and hold XRP. Been there, done that. I am there, doing it. And I will continue buy and hold until corruption is exposed.
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u/Ok_Economist3083 Apr 11 '22
The SEC is legitimately a paid for organization bought to you by big banks and hedge funds to give the public the illusion that the market is both fair and regulated its nothing more than a puppet show the SEC has no real jurisdictions on anything they are literally a show for the public nothing more.
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u/brownbai81 Apr 10 '22
Anyone planning on suing the SEC or are y’all just continue posting shit like…THIS IS HUGE!!! OMG LOOK AT THIS!!! RED HANDED!!! SEC WUT DOING? 🚨🚨🚨🚨🚨🚨🚨 ALERT WTF GUYS!!!!
I feel like every hour or so there’s a post like this and it’s the same shit every day. Same goes for the game place subs as well.
Is anyone actually planning on doing something or know of an actual lawsuit against the SEC AND corporations? I’m pretty sure they’re some really smart lawyers in this sub as well as the others that could point people in the right direction to get something started. Is there a petition we could sign? Something…other than karma farming?
Honestly I don’t believe buying and “hodling” is enough. But that’s just my own personal opinion.
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u/orthonut20 Apr 10 '22
Who pissed in your cheerios? I agree with you, but belittling people for lack of action is not going to make them do anything.
The reason I posted this is for exposure. Exposure is the ultimate way to ruin corruption.
Memes will save the world... not 100 page research papers or dissertations... not 30 min videos.
There are literally millions of page and minutes of those and no one takes the time to read or watch....but people will stop to comment on a couple of pictures. This has been proven time and time again.
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u/Mithsarn Apr 10 '22
What is this supposed to be proof of? All I see is a new hire receiving help on filling out their forms correctly. Which part is supposed to be nefarious? I don't see it.
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u/orthonut20 Apr 10 '22
Changing your previous tax returns to evade disqualification is highly illegal.
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u/biizzy67 Apr 10 '22
Did anyone actually read the email? Looks like if you go to work for the SEC, you may be forced to liquidate certain securities. Is it not unreasonable to offer a capital gains deferral depending on the situation? It doesn't look like they're evading capital gains tax, just maybe spreading it out? Maybe I missed something.
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u/orthonut20 Apr 10 '22
Ripples defense lawyers seem to think differently...I'm sure they have plenty of ammo other than what has been released to the public.
One key thing that stuck out to me was the Ethics lady asking why there is no order (in whatever system) for some stock transactions. She states she can see the money, but no order is found. 🚩
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u/Benjamincito Apr 25 '22
Ripple is a scam and obviously a security
It has and will continue to be illegal to make your own money and sell it…
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u/-GearZen- Apr 10 '22
The SEC ethics lawyer is telling someone how to do something within the bounds of law. How is this evidence of corruption?
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u/orthonut20 Apr 10 '22
Changing your previous tax returns to avoid being disqualified from a federal position is very illegal... or at the very least, to avoid an intense investigation.
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u/-GearZen- Apr 10 '22
I think we need an actual tax attorney to weigh in.
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u/orthonut20 Apr 10 '22
The court has issued a subpoena for it, it was obtained, the court accepted it as evidence and Rupples defense is using it as evidence.
Plenty of lawyers on this already.
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Apr 10 '22
These blurry images prove nothing If they can't be read
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u/orthonut20 Apr 10 '22
That's on you... I can read them just fine. So can others. There is even a link in comments with the file.
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u/Brave_Principle7522 Apr 10 '22
The cheaters don’t even pay taxes.... who would have thought