L'ex manager di Coinbase riceve una pena detentiva
- Ishan ha sfruttato le informazioni aziendali mentre lavorava in Coinbase e ha aiutato suo fratello a guadagnare più di $1 milione tra il 2021 e il 2022.
- Ishan Wahi’s attorney urged the judge to consider his immigration status, arguing that his crime was a non-violent offense and he had no criminal history before his arrest.
- Ishan’s mother and other close relatives, as well as friends, attended the sentencing in person.
US District Judge Loretta Preska has sentenced a former product manager at Coinbase, Ishan Wahi, 32, to 24 months in prison for insider trading. Ishan was arrested and charged in 2022 for wire fraud and providing insider information to his brother Nikhil Wahi and their friend Sameer Ramani about upcoming digital asset listings at Coinbase Global. Reports claim that the group made over $1 million in profit trading on Ishan’s information between 2021 and 2022.
Il caso è uno dei crimini di più alto profilo legati alle criptovalute e il secondo caso di insider trading di criptovalute perseguito dal Dipartimento di Giustizia (DOJ). Nikhil è stato accusato di aver cospirato per commettere frode telematica a settembre e si è dichiarato colpevole. A gennaio gli è stata data una pena detentiva di 10 mesi. Tuttavia, Ramani non è stato localizzato.
Il procuratore degli Stati Uniti Damian Williams ha detto in a dichiarazione,
Ishan Wahi, a former Coinbase product manager, violated the trust placed in him by his employer by tipping others with valuable confidential information regarding Coinbase’s planned token listings. Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets or in the market for crypto assets.
Ishan’s Case to Serve as an Example
Judge Preska ordered Ishan to turn himself in by June 21 to serve his term at the New Jersey-based Fort Dix Federal Correctional Institution. Ishan had requested a sentence that was not longer than his brother’s, pointing to prior instances of insider trading that ended in minimal or no prison time.
Ishan’s counsel urged the judge to consider his client’s immigration status and grant him a lesser sentence. He said, “I submit that there’s no need for this court to impose additional punishment. He has lost his job. He has lost his reputation. He has suffered an enormous amount of negative publicity both here in the United States and in India.”
Interestingly, prosecutors called for Ishan’s case to be used as an example to dissuade other crypto insiders from exploiting confidential information. Some prosecutors believed a jail term of three years or more would send a strong message to others.
“This was not a one-off mistake — this was over a ten-month period […] Having access to the kind of information that this defendant had access to was like being able to read the newspaper a day in advance,” prosecutors said.
Indipendentemente dal tipo di bene coinvolto, i pubblici ministeri hanno il diritto di sporgere denuncia per frode nei casi in cui la disonestà è stata utilizzata per perseguire un vantaggio finanziario. In questo modo, il Dipartimento di Giustizia degli Stati Uniti ha più flessibilità rispetto alla sua controparte civile, la Securities and Exchange Commission (SEC) degli Stati Uniti, per perseguire i crimini legati alle criptovalute. La SEC si limita a supervisionare i mercati mobiliari, ma ha esteso la sua giurisdizione all'industria delle criptovalute affermando che la maggior parte dei token sono titoli non registrati.
The SEC also filed a charge against Ishan and Nikhil Wahi, arguing that their trades involved securities. However, court documents showed that the brothers reached an understanding with the regulator to resolve the claims.
Ho raccontato alcune storie emozionanti nella mia carriera di giornalista e trovo le storie legate alla blockchain molto intriganti. Credo che Web3 cambierà il mondo e voglio che tutti ne facciano parte.
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