On: Andy Bechtolsheim charged with insider trading

[wk_end]

For someone as wealthy as he is ("Forbes lists Bechtolsheim's net worth at somewhere north of $16 billion"), a (less than) $1M fine seems more than gentle enough for "a lapse of judgement" and "not the most heinous crime".

[bookofjoe → wk_end]

$1M is 0.00625 percent of $16B. For reference, 0.00625 percent of 100k = $6.25

[wil421 → bookofjoe]

Basically for someone with $1,000,000 it’s a $6,250 fine. Or a $1,232 with $197,000 (average net worth in US according to Google).

[pera → wil421]

> Median net worth $192,900

https://www.federalreserve.gov/publications/files/scf23.pdf

> [Bechtolsheim] net worth at $16.3 billion

https://en.wikipedia.org/wiki/Andy_Bechtolsheim

So then (923_740 / 16_300_000_000) * 192200 = ~$10.89

Just for comparison, the fine for jaywalking in Seattle is $68.

[valleyer → wil421]

No, you're off by a couple orders of magnitude.

[ipqk → wk_end]

But it's double what he gained, which seems reasonable.

[foobiekr → wk_end]

Why do you think wealthy people should be treated more leniently for the same crime?

[wk_end → foobiekr]

That's the exact opposite of what I'm saying.