How serious is the crime of "False statements; overvaluation of securities?"

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BrianMeir

Member
#1
Sep 19, 2023
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#1
15 U.S. Code § 714m - Crimes and offenses
(a)False statements; overvaluation of securities
Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of the Corporation, or for the purpose of obtaining for himself or another, money, property, or anything of value, under this subchapter, or under any other Act applicable to the Corporation, shall, upon conviction thereof, be punished by a fine of not more than $10,000 or by imprisonment by not more than five years, or both.
 
Magenta

Magenta

Senior Member
#2
Jul 3, 2015
57,125
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#2
Five years in jail sounds pretty serious. Sometimes murderers serve less time that.
 
Eli1

Eli1

Well-known member
#3
Apr 5, 2022
3,625
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#3
BrianMeir said:
15 U.S. Code § 714m - Crimes and offenses
(a)False statements; overvaluation of securities
Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of the Corporation, or for the purpose of obtaining for himself or another, money, property, or anything of value, under this subchapter, or under any other Act applicable to the Corporation, shall, upon conviction thereof, be punished by a fine of not more than $10,000 or by imprisonment by not more than five years, or both.
Click to expand...
Hey Brian, what’s this got to do with anything?
 
ZNP

ZNP

Well-known member
#6
Sep 14, 2020
33,084
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#6
Ruling on Trump is a win/win for the Trump campaign!

1. On the one hand you can expect his poll numbers to go up.

2. On the other hand if this ruling stands after appeal he will be able to transfer a property worth $1 billion to his son and be able to claim it is only worth $18 million.
 
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