Pam Bondi Implicated in as Much as $5.5M in Insider Trading(cmarmitage.substack.com) |
Pam Bondi Implicated in as Much as $5.5M in Insider Trading(cmarmitage.substack.com) |
The deadline required a sale by early May. Nothing required a sale on the one day that mattered.
This is the crux.
Right, she had to meet a deadline in 90 days, so statically speaking, there was a 2/3 chance of selling it before April than between April-May. Also, in the 90-day window DJT stock fell from $31 to $25, but she actually happened to sell at close to the bottom, at $18.5. DJT would actually surge after she sold to $25. In other words, her timing was much closer to the bottom of the range.
Moreover, knowledge of the impending tariffs had been long public. She, along with others, presumably knew Trump would enact tariffs, but the question was, how big. I don't see much evidence of her acting on non-public information, but rather that her timing was very bad.
This is damning timing. At the very least, it merits subpoenas and investigation. The fact that a Congressman called for as much and was ignored, without recusal, by the accused also seems to suggest corruption charges.
Cases with a clean throughline from evidence through the offence all the way to a specific state law aren't, at least to my lay understanding, as common as the crime.