Tom Hardin
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
And defense stocks, it's really prevalent, too.
And sort of like, hey, we're going to give more money to Ukraine or whatever.
This is going to help this vendor or whatever.
They're going to buy that stock.
And back in February 2020, there was three senators who found out about, oh, shit, this pandemic is going to be horrible.
And I forget his name now.
In February, he sold all of his like hotel stocks like, oh, yeah, people are probably going to stop traveling.
And so in February 2020, sells the stocks, not even never even investigated.
industries that you kind of speak to or things that go on that you would apply to yeah like so highly highly regulated industries so not just insider trading but when there's when there's bribery so medical you know medical devices is a big one where the med tech person or the rep is visiting the doctors and even if you buy them like two glasses of wine you're actually breaking some of the rules and that can be something where you're
where you're charged for paying a bribe, even though it's not actually like a cash payoff.
FCPA is the federal corruption law where people travel overseas, salesmen in a country that has totally different laws, where corruption is more normalized, can get in trouble for
Paying a middleman to get a deal done, which is actually very common.
Like, hey, I'm in this country in Africa.
They get this big defense contract.
I have to pay this guy and he's going to take care of it.
You could totally rationalize it like, all right, so it's done.
And actually, no, you're an American working for an American company.
We're going to put you in prison because even though you're in this country in Africa, you actually violated the laws here.
So that's very common for sort of where is white collar crime happening today?