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#SDNY Judge Rakoff in sentencing Pinto-Thomaz for #insidertrading says maybe today, AUSAs wish more went to trial- thread
Judge Rakoff, after giving 2 points for acceptance of responsibility, says guidelines are irrational, over focus on money
Pinto-Thomaz didn't get $298,000 but only a fraction (from hair dresser, in Home Depot). Now Mazurek cites fetish of math
Pinto-Thomaz' mother is here in court. Her name came up a lot at trial. I don't see stock trading hair dresser here
Judge Rakoff cuts in: didn't Sebastian throw his mother under the bus at trial? Mazurek says No.
I was there: mostly Yes
I was there: mostly Yes
Judge Rakoff says his law clerk went back & found Mazurek argued Sebastian tipped mother who told tippees. #SemiFatico
Defense says Pinto-Thomaz reputation to suffer forever, "in Internet age." Judge Rakoff cuts in: why overfocus on loss amt?
AUSA is hammering on general deterrence. He worked at S&P and leaked # SherwinWilliams - #Valspar merger info. Others could
AUSA is comparing Judge Rakoff,'s sentence of #Gupta, who "did most for humanity." Judge Rakoff says, Except for my mother
As Sebastian Pinto-Thomas reads statement, his mother Nathalie walked out of courtroom sobbing
Judge Rakoff: in insider trading, the only meaningful deterrent is prison.
But how much time? Cites Pinto-Thomaz' mother
But how much time? Cites Pinto-Thomaz' mother
Judge Rakoff says to make really a year in prison, he's sentencing Pinto-Thomaz to 14 months; says "year & a day" is a scam
