He raked in billions by being a brilliant financier. The only securities law he was guilty of violating was lying about ownership of shares by “parking” stock in other accounts. That is illegal, but usually would be met with fines and sanctions, not being imprisoned and barred for life from the industry. His real crime was making a third tier bank into the biggest house on Wall Street.
I agree - I can’t stand him but he was railroaded like Flynn and Stone