Re. the Gottheimer trading; if one is to believe the reports of his net worth based on public records [1][2], he supposedly almost tripled his wealth in just one year. That seems quite unusual.
The fact that he appears to trade mostly $MSFT while also being a former MSFT Executive and seems to be extremely accurate in his options trading of that $MSFT, only really adds to the extreme suspiciousness.
Is there no entity that even just tries to keep tabs on or possibly investigates these people, let alone charge them with crimes where appropriate? It seems that where there is smoke … and fire … there may actually be fire.
> Is there no entity that even just tries to keep tabs on or possibly investigates these people, let alone charge them with crimes where appropriate?
well there's this thing called the IRS that seems to spend most of their time auditing random citizens when the numbers they submit on their tax forms doesn't match the numbers the IRS already calculated on their side. maybe we could streamline that absolutely ridiculous process & their efforts could be used elsewhere
This argument comes up a lot and it's an astounding oversimplification and gross misunderstanding of how taxes work in the US. The IRS does not know how much you owe until you file. They may have a rough approximation, but they absolutely don't know anything close enough to be able to bill you.
If you only have W2 income and take the standard deduction, 99% of what you need to know they know. Only changes like new address, dependent, etc would really be relevant.
The SEC should be investigating things like this, and do actually bring a lot of enforcement action against various companies and individuals, but I suspect it might be a career-limiting move to target a politician for all but the most gross of abuses.
3x or 5x of your wealth if you correctly time a global crisis is not unheard of. Even in boring stuff like real state. With options and tech it probably happened last year to a substantial amount of people.
The fact that he appears to trade mostly $MSFT while also being a former MSFT Executive and seems to be extremely accurate in his options trading of that $MSFT, only really adds to the extreme suspiciousness.
Is there no entity that even just tries to keep tabs on or possibly investigates these people, let alone charge them with crimes where appropriate? It seems that where there is smoke … and fire … there may actually be fire.
[1] https://www.nj.com/politics/2019/07/the-richest-new-jersey-m...
[2] https://finance.yahoo.com/news/richest-member-congress-state...