The information he supposedly based his selling on was made public some days before he sold.
Although a shady and lousy thing to do, I don’t see the crime.
He was under no obligation to make a public announcement saying how bad this was going to get.
A number of FReepers bailed early too.
“I don’t see the crime”
Trading on Insider knowledge pure and simple.
The volume and frequency of his movements (almost thirty
different transactions and basically All his money)
combined with the timing of his briefs are slam-dunks.
Did people on FR predict this?
Sure, but making predictions based on public knowledge is
different than trading on insider information.
The 2012 Statute is pretty on point.