Why is Insider Trading Illegal?

[@scarredbby1273]

My favorite thing about Martha Stewart is that she's friends with Snoop Dogg and only one of them is a convicted felon.

[@brainblaze6526]

Haha, I swear I saw them on a roast recently and someone made this joke. Very good stuff.

[@katfoster845]

Pity it's not true. Snoop Dogg was apparently convicted of a felony drugs charge in the 90s, and later for felony possession of a firearm by a convicted felon in 2007.

[@aredjayc2858]

@@katfoster845 Dang

[@quinnzykir]

Kat Foster flips table GOD DAMNIT

[@L4r5man]

@@katfoster845 Never bring facts into a good story. It'll only ruin it.

[@RynBader]

a felony is a category of crimes that are often classified as the most serious type of offenses. Felonies can be either violent or nonviolent.

[@chrisj197438]

Congressmen and senators are exempt from the law about insider trading

[@SonjaPierce]

Well done as usual, gentlemen. Samuel, another hilarious job with your tidbits. You guys rock. 😂

[@teethgrinder83]

I'd like to hear about the wall St crash for sure and maybe you could do a vid on "Black Wall St", in Tulsa, I don't know much about it except for the awful riot there

[@Nirrrina]

I recently heard they may have found some mass graves from that event. I'm not sure if they used ground penetrating radar or just records but they some leads. Unfortunately some of the land where they need to continue researching is in private hands. So they have to get permission for some of it. Strangely enough im pretty sure the cemetery they were talking about is the one I regularly pass by.

[@QueenOfSh3ba]

Another 'Danny' script........ happy :)

[@DannySalter]

Thanks Amanda! :)

[@spacepeanut8993]

Danny and Simon crack me up!

[@sagesheahan6732]

@@DannySalter Dude. Between you and Simon, make a damn comedy channel. 👍

[@QueenOfSh3ba]

@@sagesheahan6732 Totally! It's a reflection of how well BB works as a channel.

[@SpudsMcCat]

in California, a Felony carries a sentance over a year and a day, and/or up to $10,000/ a mistomenor has a max sentance of 6 months and a day, and/or up to $1000. a n infraction generally carries no jail time, but only a fine (traffic tickets, with some obvious exceptions are infractions

[@Filiolus]

Yeah, you definitely should cover the stock exchange crash! Love the chill format, you seem to be having fun with this narration style :D

[@InquisMalleus]

Also one of the S&L crash of the late 1980's would be good.

[@jordanwilliams9300]

Me too! Business Blaze is my favorite.

[@clarencepreston5466]

Lol i also love how casual Simon is on the business channel

[@Psillytripper]

it really is great!! and his other channels still stay so staunch! xD! u get a feel for simon its cool

[@brainblaze6526]

Thanks :)

[@InquisMalleus]

Under US law, there are 3 levels of criminal offenses: Infractions are minor offenses - such as parking violations, most traffic tickets, and violating "Blue laws", which are laws still on the books, but which aren't typically enforced because they are outdated. Infractions are not eligible for a trial by jury Misdemeanors are moderate level offenses, which typically involved lower level crimes and will typically land you in a county jail or other low-level facility. In many states, theft under $500 is a misdemeanor, but $500 or more is a felony. Misdemeanors have lower penalties, usually less than two years in jail and fines under $2000. Misdemeanors are usually held in front of a trial judge, instead of a jury. Felonies are more serious offenses. They typically carry penalties of more than 2 years and fines over $2000. Felonies will land you in a state or federal penitentiary (depending on the jurisdiction). Felonies are tries either by a jury (default) or you can request a bench trial - by the judge with no jury. The difference between most is the severity of the crime. Some crimes can be prosecuted as either a misdemeanor or a felony. A DUI with a level slightly above the legal limit would probably be tried as a misdemeanor, but being double the legal limit would be a felony. Prosecutors also weigh intent of the actor, along with the severity of the crime, previous criminal history, and social factors. This is usually at the discretion of the prosecutor, not the police. Often a prosecutor will file felony charges while hoping the defendant will offer a plea for a misdemeanor, which makes their job easier - and often leads to poor people taking the deal on a questionable charge because the public defenders offices are understaffed, underfunded, and they encourage deals to lighten their case load. Had the matter gone to trial, so acquittal might be more likely, but the risk is a lot higher.

[@ReneSchickbauer]

Thank you for that very clear and simple explanation. This makes understanding U.S. law quite a lot easier.

[@killerlalu1]

To continue a small bit at the end: Higher rates of poor people will also accept a plea or minor charges because they are unable to post bond (an amount of money required to be paid upfront in order for the person to be let out of jail while awaiting the trial date, that can often be weeks or months away, as "insurance" that the person will actually show up for the trial), often meaning there will be no one able to take care of their family while they sit in jail, awaiting a future trial date, to be represented by a public defender who, due to overwhelming caseloads, may only have as little as 30 minutes to a few hours, maximum, to review each case... In totality...which doesn't offer anyone, even the innocent, hope that their case will be presented in a fair light, much less one that will result in them being acquitted.

[@killerlalu1]

With this, I think the main companies that control almost all of the private prisons in the States might be a good Business Blaze idea. #BusinessBlaze #BusinessBlazeIdea

[@Emira_75]

InquisMalleus America’s justice system is fucked sideways

[@aceofspades9503]

To add a bit more to Killerlalu1's thing- the judge will set an amount for 'bail', of which the person has to pay, I believe, 10% up front in order to be released from jail before the trial. If they do not post bail, they would have to stay in jail until their trial. The amount posted is then refunded if the person shows up for their court date. However, most bails are set at a high enough level that even 10% is more than most people have as available cash. Enter the Bail Bondsman, who is a person who will front the bail expense in exchange for a fee- often 10% of what they post. This amount is not refunded if the person shows up to court. Which makes it, in many ways, an unofficial tax on the poor. A poor person is unable to afford their bail, unable to sit in jail until their court date because they would lose their job or be unable to take care of their family, so they have to take what amounts to a private loan to be released. Whereas a rich person just pays the bail and gets it all refunded when they show up to court.

[@rickc2102]

Im still trying to figure out if Business Blaze is Simon at the beginning of the day and full of energy, or Simon at the end of the day after having been broken by it. 😂

[@anewspinonthings]

Rick C lol right it’s quite the contrast. I like it

[@garethbaus5471]

I am guessing it is more simmilar to how he acts normally and probably how he rehearses for his other presentations.

[@stevehill4615]

I think it's at the end after all the coffee and 2 fat lines of Colombian flake

[@CalebSpears1]

He’s mentioned filming these early in the morning

[@chesh1rek1tten]

Is at the start of day because the shop next door opens at 11 am and then he can't shout anymore and records the quieter clips

[@_Abjuranax_]

On a similar note; Henry Ford let it slip that he would be stepping down as the head of Ford Motor Company, and that his son Edsel, with dubious qualifications, would be taking over the reins of power. Needless to say, the price of Ford stock plummeted, and old Henry was able to swoop in and regain a majority interest of stock in his own company, from which he decided to not step down from after all.

[@--enyo--]

C Ray Starling That is interesting

[@NotHPotter]

A video on the Great Depression would be great, and the bonus facts could be on its parallels to the current financial situation of the world economy. Also, it'll need to be a drinking game.

[@protatoplaysgames6918]

Hey dude the great depression that's a really good idea my grandparents lived through it and then was able to thrive afterwards I've always been interested in what they've gone through

[@junkiejackflash]

@@protatoplaysgames6918 it's interesting. My grandparents did too, and my grandfather rode around the country hiding in freight trains, working in rodeos, and got a job in constructing the Grand Coulee Dam, all sorts of odd end jobs

[@BigHenFor]

Sorry but the 2009 Crash kicks the 1929 Depression into a cocked hat in terms of the real - net of inflation - value of wealth lost. What is different this time around is that after 1929 there was a reset of the financial system. After 2009 there was not, and a decade later the World Economy is no longer working for the people outside the top 10%.

[@protatoplaysgames6918]

@@BigHenFor I'm going to have to look into that more. To be fair I'm only 24 and we did pretty well during those times fortunately

[@protatoplaysgames6918]

@@BigHenForI do see what you're saying I haven't got a chance to learn much about it because while schools are teaching about the great depression they never mentioned the depression we were in 💔

[@jamesmiller380]

I love this channel. Follow your channels and this is by far my favorite. History and hysterics.

[@brainblaze6526]

Thanks :). Glad you're enjoying it!

[@briancrawford8751]

I had a roommate in grad school who went to a party at Martha Stewart's house. He said she could really put away the gin.

[@rawr51919]

What if she actually _did_ put away the gin? As in she took it for herself?

[@flowertrue]

Woo! Party at Martha's! Get out the scissors and glue gun! We're gonna do some drunk crafting! sounds like my kind of party.

[@--enyo--]

Out of curiosity, how did they wind up at a party at Martha Stewart’s house?

[@briancrawford8751]

@@--enyo-- My roommate was related to one of her neighbors.

[@georgierose8480]

Can you cover the Delorean car company? And how it's founder got charged and then acquitted of trafficking?

[@timothyneiswander3151]

Oh yeah! I forgot about this. They said he was transporting cocaine in the trucks of his cars. That started the joke: Delorean owners...check your truck to find your rebate.

[@EclecticDD]

The DeLorean case was entrapment and that is why he was acquitted. He was offered to sell drugs to save his business. He did not go out actively seeking to do so.

[@613aristocrat]

They supported the Groucho Marx talk/game show You Bet Your Life basically its whole run.

[@protatoplaysgames6918]

I would love to know about the California gold Rush considering gold has been such a staple in economy for as long as humans have been using currency and California is the golden state

[@sagesheahan6732]

Netflix, Ken Burn's "The West" Episode 3: The Speck of the Future. Although, I would LOVE to see Simon's take on the Gold Rush, GRANTED. Hahaha XD

[@NajwaLaylah]

_The Barbary Coast_ by Herbert Asbury makes parts of the California gold rush too spicy for all ages-- in case you're looking for content to keep this from being a kid's channel.

[@protatoplaysgames6918]

I live in a small town that was founded as nothing more than a mining community near Mount Shasta. I've been lucky enough to explore a few old mines on my friends property

[@protatoplaysgames6918]

@@sagesheahan6732 I'll have to check that out

[@sagesheahan6732]

@@protatoplaysgames6918 Thats a volcano, isn't it? I could be wrong. I think I probably know where you live, town-wise... Just because, I have an unhealthy obsession with mountains that tend to, ya know.... ..Explode..

[@sagesheahan6732]

I wondered what a Felony was myself. Just read this on Wiki: COPY/PASTE The term felony originated from English common law (from the French medieval word "félonie"), to describe an offense that resulted in the confiscation of a convicted person's land and goods, to which additional punishments including capital punishment could be added.[1] Other crimes were called misdemeanors. A felony is traditionally considered a crime of high seriousness, whereas a misdemeanor is regarded as less serious.[2] A felon is a person who has committed a felony. Following conviction of a felony in a court of law, a person may be described as a convicted felon. Some common law countries and jurisdictions no longer classify crimes as felonies or misdemeanors and instead use other distinctions, such as by classifying serious crimes as indictable offences and less serious crimes as summary offences. In the United States, where the felony/misdemeanor distinction is still widely applied, the federal government defines a felony as a crime punishable by death or imprisonment in excess of one year. If punishable by exactly one year or less, it is classified as a misdemeanor. The classification is based upon a crime's potential sentence, so a crime remains classified as a felony even if a defendant receives a sentence of less than a year of incarceration.[3] Individual states may classify crimes by other factors, such as seriousness or context. In some civil law, such as Italy and Spain, the term delict is used to describe serious offenses, a category similar to common law felony. In other nations, such as Germany, France, Belgium, and Switzerland, more serious offenses are described as crimes and misdemeanors or delicts (or délits) are less serious. In still others (such as Brazil and Portugal), crimes and delicts are synonymous (more serious) and are opposed to contraventions (less serious).

[@seraphina985]

The UK no longer uses the term however the fundamental distinction still exists as the origin of the terms in English common law was that a felony was a crime which could only be tried by inditement and a misdemeanour was a crime which could be tried summarily, there are also crimes that can be tried either way depending on circumstances so-called either-way offences. Both forms continue as magistrates courts deal with summary convictions and the crown court deals with indictments, the latter also has significantly greater sentencing powers (Thus why either-way offences exist, the circumstances dictate whether the sentencing powers of the crown court are likely to be necessary or not as a magistrate can only issue a sentence of up to 12 months in prison total and only 6 months for any single offence). The US similarly has offences in such a grey area which can result in either a misdemeanour or felony conviction depending on the specific circumstances of the offence.

[@ConservatEV]

Seraphina That’s true, the specifics matter. I work in the paperwork side of law enforcement and one of the things I do is send warrantbrequesta to the prosecutor. Say you go into the hospital and bust up a ceiling tile, that’s Malicious Destruction of Public Property but it’s inexpensive so that would go over as a misdemeanor. Say you instead stole an entire drug cart... that’s a felony. Or at least it would be requested as a felony... the prosecutor can (and often does) charge a lower offense. Why? To get you to plea to a misdemeanor and get probation only and it’ll probably be wiped from your record if you successfully complete said probation. The goal is to avoid court and incarceration, those are expensive. So we request the highest charges we can (we want the dirtbags off the street and away from the good citizens who pay us to protect them) but the criteria is different for prosecutors/courts who will try to get a plea deal to a lesser charge (a misdemeanor instead of a felony... so the larceny may become retail fraud, shoplifting basically, which is a misdemeanor.) You have to do something rather heinous to get serious jail time, that or have so many priors that you obviously aren’t learning your lesson and have to go away for awhile.

[@briancrawford8751]

@@ConservatEV Where I live, they file every charge they can and try to get the longest sentence possible.

[@DFX2KX]

@@briancrawford8751 Some areas are like that. It depends on the incarceration situation and the particular flavor of Prosecutor you've got.

[@stephanierando3477]

For crimes such as theft whether it is a felony or misdemeanor is based on the value of the item stolen. For a cheap 5 dollar watch its a misdemeanor, for a fancy Rolex its Grand Theft and a felony.

[@JohnWhite-up9gg]

Speculation is that one of the reasons Martha Stewart got such a stiff sentence is that in a previous life she was a licensed stockbroker and, therefore, knew very well what was insider trading and what was not. Also, stockbrokers, for the most part, aren't investment advisors. They just place your trades with the stock exchanges.

[@brainblaze6526]

Super interesting, didn't know that.

[@starscream548]

You guys should do a video on the virtual boy from Nintendo and actually have Simon play it on the show

[@timothyneiswander3151]

I bought one of these on the cheap when stores were trying to unload them. Some of the games are actually really fun to play and the 3D was pretty good. It gives me headaches if I play it more than 15 minutes. Which is common. The VB was rare for awhile and the price went up. The price dropped when someone found a shipping container full of them and flooded the market. I play the games on an emulator now. You have to wear the red and blue lens 3D glasses but you don't get headaches.

[@databanks]

Puke bucket and pain killers on standby? I heard they induce both migraines and nausea

[@aceofspades9503]

@@databanks I haven't played one, but my understanding is that a lot of the problems were from the crappy stand that forced you into an awkward position while playing- shoulders hunched, that sort of thing. Supposedly the 3D itself wasn't that bad. From the videos I have watched about the virtual boy, the developers were forced to release it long before they felt the system was ready. The original fully developed concept was supposed to be much more like what we would consider a normal VR headset today- something you strap onto your head. It would be neat if someone would adapt those games to a newer headset.

[@mr.skrywer7983]

How many scripts have Danny written at this point?! 😂 That dude is stuck to his computer! Haha, keep up the good work, great vids!

[@DannySalter]

A computer? They don't let me use a computer!

[@mr.skrywer7983]

@@DannySalter ... In that case, you are the master of whatsapp texts. 🤣

[@jennylawrenson1712]

I think Simon has Danny is shackled to his typewriter in a dungeon somewhere, just churning out those scripts 😂 Keep 'em coming!

[@doranconall9995]

@@jennylawrenson1712 i agree...Simon is in eastern europe....i saw hostel 2....

[@theangryaustralian7624]

@@DannySalter the actual legend himself I for one salute you and your handwritten scripts...include more funny memes for Simon his laughter is... hypnotic

[@todddougherty9492]

I love when Snoop said “You know what we call insider trading on the streets? A HOOK UP!!!!!!!!😂🤣

[@AnnoyingNewslettersPage6]

Adjusted for inflation, $4,000,000.00 in 1929 is equal to $58,767,953.22 in 2019.

[@Relgar47]

Simon Whistler on the 1929 Wall Street Crash: "It could be fun" Narrator: "It was not"

[@seanjones1346]

Yes. The 1929 Wall Street Crash.

[@kingfuzzy2]

Yes!!

[@macmcelveen1241]

From the legends

[@artistwithouttalent]

10:39 Happily! Misdemeanors and felonies are only differentiated by how serious the crime is deigned to be (and more importantly, the sentence that can be carried out in the instance of conviction; misdemeanors are punishable by fines normally, but can include a prison sentence up to one year, while felonies include heavier fines and prison sentences longer than one year.)

[@valeniusthekat]

Can you do a vid about Ponzi Schemes (and the history thereof) and Bernie Madoff?👍

[@reidwallace4258]

"The stock market crash, I don't know much about it, could be fun..." Something tells me the great depression would disagree.

[@sleepysartorialist]

Felony means it’s a severe offense and it isn’t just a federal designation. Traffic fine? Misdemeanor. Assault and/or battery? Felony.

[@tristanculpepper5627]

You also lose your right to vote or own firearms

[@johnbradley1139]

Simple assault and/or battery is usually a misdemeanor. Aggravated assault and or battery is generally a felony.

[@EclecticDD]

@@tristanculpepper5627 Depends on the state as far as the right to vote goes.

[@bsadewitz]

Many motor vehicle offenses are code infractions, not misdemeanors.

[@davidhancox6946]

What about Sir Clive Sinclair? made millions in computers then lost it all with a 3 wheel electric car and was held up to public ridicule.

[@cbandtheradio5610]

Simon and crew! There's two types of laws in America: Federal Law, and State Law. Federal Law covers the entire 50 states as a whole, whereas State Law covers a single U.S. state. That's why the alcohol percentage in Utah is lower than the rest of the nation. It's why marijuana is legal in SOME states, and illegal in others. The same can be said for same sex marriage as well. Different states prosecute the same laws differently, and Federal Crimes USUALLY mean the big scary prison system, and not the quaint local jail system. The best part about this system is going to be comments arguing about it ha! These systems create different laws in different parts of the same country. Which inevitably leads to different beliefs and interpretations of those laws. Which is why everyone over here in the US gets along, agrees, and is completely content and happy! Haha! Hope that helps a little. Love your guys videos, keep it up!

[@joefox9875]

Martha Stewart was convicted of federal crimes, but that's not what makes her a felon. Felonies are serious crimes. They are often prosecuted by the state (e.g. murders).

[@damiensadventure]

Oh hell yeah!!! Martha Stewart + Biz Blaze = Holy Crap Yes!!!

[@brainblaze6526]

Dream team

[@donbrunodelamancha1927]

Master Simon, my man, you know I hold you in Very High Regard and Esteem. So much so that you have displaced my #1 favorite KZbin Personality and usurped that spot. You, Master Simon, now stand at the mountain top, a conqueror. Given that, how is it that TODAY, Friday, 10 January 2020, is the VERY FIRST TIME I learn this amazing channel exists⁉️⁉️⁉️🥺🥺🥺 I won’t go so far as to say I feel betrayed, but my feeling are hurt. I’ve even shed several tears.... I do not cry lightly. I C O N G R A T U L A T I O N S‼️‼️‼️ I L♥️VE the concept, it is BRILLIANT‼️ In many ways we think similarly. I fancy myself an eloquent writer, should you ever need a pinch hitter, 2 taps to the brim of your cap, the 2 fingers 3 times from the crease of you arm to your thumb, left side, the pull twice on right ear, brush your nose twice with your left thumb from the left side, then clap. Them I’m up. The best part is my fee is your smile of satisfaction‼️ At any rate, you my friend are a VERY busy man. On taking over FIRST PLACE in my gallery of KZbin Personalities, Bravissimo‼️ Much L♥️VE to You, you Lovely Lady and the Whole of Team Simon, and the Lord Bless and Keep you as resilient, curious, open to learn everything and passionate about your work‼️‼️‼️♥️♥️♥️✊🏼✊🏼✊🏼💯💯💯🙆🏻‍♂️🙆🏻‍♂️🙆🏻‍♂️🇨🇿🇨🇿🇨🇿📖📖📖🏛🏛🏛🥃🥃🥃 Ps. My grandmother’s family came to México with Maximilian. That did not end well. No one was killed, tortured or imprisoned, but they lost. E V E R Y T H I N G‼️

[@scottlemiere2024]

A felony in general is any crime with a sentence longer than a year and a day.

[@triplecastsleep1924]

It’s not illegal in Russia, nothing’s illegal in Russia.

[@thisisabcoates]

P sure swearing is illegal there

[@nicholaslewis8594]

Pretty sure the Gays are illegal in Russia.

[@thisisabcoates]

@@nicholaslewis8594 No in theory but yes in practice

[@DannySalter]

It's been technically illegal in Russia since 2010, but there hasn't been many criminal cases yet.

[@seansmith5955]

Hey Simon, you guys should do a video on the burger chain in-n-out. If you didnt know they have a cult following here in the US and even more so on the weat coast. You can go over company history and why they are so slow to expand east. Their employees are paid much better than other fastfood places so much so that store managers make over 100k. Just to be a burger cook for them is a 6 month training process

[@angelitabecerra]

Used to love watching her show growing up. Mostly because I'm into interior decorating and her show was the only one out cheap ass cable played. You were correct regarding a felony here in America. You're breaking a national law vs a state or local law (which can include either county or city laws). The government doesn't look too kindly on their laws being broken. Hence why committing a felony is a lot worse and can result in chronic unemployment and homelessness. As some employers will hire past criminals, but rarely felons. Also, felons have their voting rights revoked, and sometimes their privilege to a license. These loss of rights/privileges can be temporary or for life. Break a federal law at your own risk (well, any law really).

[@xiaoxiaostickguy]

It is kind of nerve-racking for perhaps some lower rung employee with some stake in the company. If I was that person, and maybe I was a friend with a manager and they spill some knowledge like "Man, that deal didn't go through... we're about to lose a lot of money because of this...", it seems like a terrible situation for me as a pencil pusher to either risk saving my investment or just let my money get flushed down the toilet as the stocks plummet. I get why they give such harsh penalties for those particularly rich folk with massive amounts of shares and their decisions can have a much bigger impact on the company, but it makes me worry for the lower-level employees who just wanna pay off their houses or something.

[@iammaxhailme]

A felony in the US is something that can get you a year or longer in prison. If it's only a fine, or less than a year in prison, then it's a violation or misdemeanor.

[@NotHPotter]

^^ +1

[@snorlax6691]

The Wall Street Crash would be great! I also thought the Enron scandal would be perfect for this channel. I don’t know if anyone’s mentioned that before, but I’d love to see you talk through it.

[@leowulf4526]

9:04 is especially funny watching this in feb 2021, after the gamestop short turned wallstreet on its head with the shortsell hedgefunds

[@currykingwurst6393]

I'd love to see a video about Germany's hyperinflation in 1923. I'm technically a multi-billionaire because of that.

[@maiaallman4635]

That would be very interesting.

[@exexpat11]

A more apt question is "Why is it Legal for Members of Congress?".

[@GeorgeVCohea-dw7ou]

It is not, or at least, we will soon know for sure. Sen. Burr is a jerk either way.

[@stevenwallace773]

In the US, misdemeanors are small crimes from running a stop sign up to petty theft, felonies are bigger crimes from repeat offender DUI's up to murder.

[@chestermiles9500]

A felon is someone who be convicted of a crime (federal or state) with a prison sentence of a year or longer. That's it

[@minealsomine9663]

But yet those in Congress and the Senate sure do get inside information, how else do you think they get so rich

[@Atarijmike77]

14 min blaze? hmm... m just gonna put it out there that i prefer the longer ones

[@scottmacgovern4259]

Maybe the story behind Wolf of Wall Street? That was based on true events, right?

[@iron60bitch62]

Martha Stewart was not convicted for criminal insider trading charges, although she later had to pay $195,000 to settle a civil case with the Securities and Exchange Commission. In her criminal case, she was found guilty of conspiracy, obstruction of justice and lying to federal investigators in March 2004. The securities fraud charge (related to boosting the stock of her own company) was dismissed.

[@brainblaze6526]

Yep. That's what I say in the video.. :)

[@PeterCombs]

MArtha lied about being told where she got the info...PROCESS CRIME

[@fatcat6984]

Ahhh! The bell didn’t tell me about this post.... great script as always Danny!!!

[@brainblaze6526]

Even the bell doesn't work now? Ahhh, shame.

[@uncle_thulhu]

Some companies give shares as part of a salary package.

[@keelwakamar]

Thank you Danny for the great script!

[@floydlooney6837]

Is it illegal for Congress, though???

[@derffurwood4820]

The British accent in this one is throwing me off which leads me to closed caption which leads me to reading a video. I'm just saying.

[@brainblaze6526]

I'm so sorry. Next time I will use my American accent.

[@aleckushmerek1757]

Oh shit, that's illegal?!?!?! Fuck!

[@lauraheyman2011]

1929 Wall Street Crash would be a great subject

[@burtdurger847]

Is this Danny's first episode?

[@naomiseraphina9718]

Hello, Simon, Danny and Sam, and thank you for the many hours of entertainment your channel has given to my potentially dreary workdays! I have a suggestion/request for a future episode: The continued practice of whaling by certain nations (Japan for sure, and I think... Norway? Possibly others?) Maybe it's too dark a topic for this channel, but I can imagine that a lot of black comedy could be found, and I think the issue is interesting. Why does whaling continue when nearly the whole world agrees that it's terrible? Who are the corporate players behind these whaling fleets, and to what extent have they bribed their respective governments? How were the majority of the world's whaling companies shut down originally? Finally, is there anything we little people of the world can do to help to destroy the remaining whaling fleets? Thanks for considering this! I understand if it's too heavy for Business Blaze. It was just a thought. --N

[@jamesstewart2524]

Can you do greatest tax frauds (or similar)?

[@QueenCheetah]

Some random suggestions for future 'Business Blaze' topics, if they're relevant enough- ~The History of Peta.org- Oddly enough, this iconic website first belonged to an enthusiastic carnivore of a man named Michael Doughney, who used it as a base for his 'People Eating Tasty Animals' parody. Despite claiming first amendment rights (with regards to the site's purpose), the courts still sided with the controversial organization, and he was later forced to give up the domain name. (This is particularly interesting when compared to the story of Nissan.com, where the courts sided with businessman Uzi Nissan and NOT the car manufacturing giant). ~Lapses in Memory and Money- Evidently several massive companies have all suffered from digital amnesia at one point or another, because they forgot to renew their web domains at one point or another, and in some cases... it really cost them. For example, CircuitCity.com was once snapped up by an opportunistic web trawler and eventually resold back to the company at (supposedly) impressive markup; while Microsoft once completely forgot that they owned Hotmail in the UK and let it lapse (only for a random good netizen to inform them of their gaff- whose kind deed was promptly ignored in favor of more forgetting). ~Now with Free Malware!- Barely 15 years ago, Sony thought they would be sly and hide a DRM rootkit on their CD's. This software would quietly install itself on whatever computer the customer decided to use to play their purchased audio collection, effectively modifying the operating system to 'interfere' with potential CD copying attempts. One little 'feature' of this rootkit was that 'vague' bits of data (such as e-mail addresses) could be collected by 'recording' the user's actions and then sent back to Sony- even if the user didn't agree to a EULA agreement after loading the disc! There were further claims that the rootkit itself was made using 'free code' that wasn't allowed to be used by a commercial entity; however I'm not certain if that was ever proven/taken to court. Thanks again for all the awesome videos; and please stay safe, BB team!

[@CrypticConsole]

This should be legal.

[@andysorensen1737]

Martha Stewart losing a decorating contest is like Dolly Parton entering a Dolly Parton lookalike contest and lost...to a man.

[@John_Fugazzi]

That's actually true! Dolly talked about that in an interview.

[@johnba291972]

Yeah white collar crimes not so bad, You should be fine with those convicted going to club fed and playing tennis. Although try telling that to all the poorer families who lost their homes because of their greed and even had their kids put into care because they're now homeless and as a result their kids grow up to be drug addicts and prostitutes. Yeah you know, its totally fine, they're not so bad.

[@sharongregg2506]

The US privately subsidized prison system would be a great topic.. we jail far more people here with far stricter sentences than anyone in the ..🤔.. world basically.. yes.. wanna a great topic.. just considered from an American perspective.. yep.. that’s what I would do.. just saying it would be interesting 🤷‍♀️.. hell then again who am I..🤣❤️👍🏿..right.. great video as always

[@jerelull2619]

I'd love to see your take on the 1929 crash.

[@YeeSoest]

So you call Martha Stewart a HOUSEHOLD NAME and don't go Badabada-dumm-tssss???????

[@PoleTooke]

Wait, selling early saved her $45,000, but they fined her $30,000....? So crime. DOES pay?

[@sagesheahan6732]

Good topics for this Channel? Buisness wise? Yeah, the Wall Street Crash of the late 1920s, and Id say not just how it affected America. Being an America... that bit bores me. What did it put the other countries through and or what were they dealing with at the time? The California Gold Rush would be interesting as someone suggested. How did Walmart get to be FUCKING EVERYWHERE @____@ Should do the story of why India ditched 86% of it's currency on this channel too. Because, damn, wtf. XD

[@nugboy420]

Simon Baby Beard.

[@timklein2254]

A perfect example of Insider Trading is the money Trading Places. In fact, the movie is based on actual ways to beat the Stock Market that wasn't made illegal until the enactment of the "Eddie Murphy Rule" in 2010. Not kidding here. Google it or look up the movie on IMDB and read the trivia.

[@johnbradley1139]

You're wrong on that. Felonies are generally, in modern times, crimes punishable by a year or more in prison (either state or federal). This is in contrast to misdemeanors, which are generally crimes punishable by up to 12 months in jail. That's "punishable," not automatically punished by... obviously, Stewart served less than a year. Originally (under the British Common Law), felonies were crimes for which your lands and title could be stripped. Most of the time, that also meant you were eligible for the death penalty (that has clearly changed over time). Currently, in most U.S. jurisdictions, conviction for any felony results in a loss of civil rights (generally, voting or running for public office, and serving on a jury), as well as loss of the right to possess a firearm. Most jurisdictions also have some method available by which a convicted felon may earn these rights back, though it is always discretionary. For the record, there were nine felonies under the Common Law: Murder, Rape, Arson, Manslaughter, Sodomy, Larceny, Assault, Mayhem,and Burglary. Generally taught by the mnemonic MR (&) MRS LAMB.

[@ScottGladstein]

Do you call fans of this channel "Blazer"? If they do something awesome (like hitting those like and subscribe buttons) are they "ablazing"? If you do a marathon of Business Blaze are you "blazing it"? I got a million more. And scripts for business blaze videos. Hit me up. ;-)

[@ericdreblow8564]

After 1 1/2 years of Business Blaze... this is SOOOOOO sane and chill, compared to what this channel has become😂 (I really love the development und what Business Blaze is now btw)

[@kevinmang6014]

Woah, Martha Stewart doing her time in Florence ADX in Colorado along with luminaries like Ted Kezinsky? Lmfao that's about the funniest thing ever!

[@ObiWahnKnobi]

Adjusted for inflation the 4 millionUSD from 1929 would equate to roughly 60,4 million USD today.

[@derekwhittom1639]

A few points in the US. If someone at XYZ company tells you that a deal didn't go through, but this is not public knowledge, that does not necessarily cause you to violate Insider Trading laws if you yourself then benefit. For example: I work at XYZ corporation as a telecom engineer. My coworker just stormed out of a meeting. I ask her what happened, and she tells me the deal with ABC corp just blew up. I then pass along this gossip to my father, who runs a hedge fund. I haven't broken any laws, and neither has he. 1) Insider Information is not information that is not public, it is information that is non-public, which has a subtle difference. Public information is information everyone has access to. Non-public information is information that only insiders have access to. But there is information that not everyone has access to (e.g. ABC corp calling me and telling me the deal crapped out with XYZ corp), which is not non-public information, though it is not public information. 2) I must have a reasonable suspicion to believe that the direct source of the information violated a fiduciary duty, which is not the case in my example above (though it is in Martha Stewart's case) 3) I must use this stolen non-public information to profit with respect to the company it is sourced from. When George from ABC corp tells me the deal with XYZ corp fell through, it might be illegal insider trading if I used that information to buy ABC corp, but it isn't if I used it to sell XYZ corp. Also, though it varies from state to state, a felony is typically any crime which carries a statutory penalty of more than 365 days or I thin $5000 fine, it doesn't mean 'federal'.

[@ayanab.2887]

A felony isn't exclusively federal. It's a level of offense. Misdemeanors are lower level (trespassing, some thefts, simple battery) and felonies are higher level (armed robbery, kidnapping, manslaughter).

[@inkandesk]

The 19th and 20th centuries in American business are why we have such complicated and specific business laws. Everyone back there was fucking ridiculously cutthroat

[@stanleyzabecki7821]

As the norm I am late. However, there is no such thing as a 'victimless crime'. Besides that, look at it this way. Let's say you or I would write bad checks to the amount of $35,000. When caught, we would be charged with First Degree Theft (the title of the charge could differ from state to state but still carries the same weight). Being a felony theft, this would carry a possible sentence of 7 to 10 years depending on the state. In some states writing bad checks for anything over $35.00 is considered a felony. There are a lot of people in REAL prisons all over the US for this type of crime. A lot of them serving years for first offenses. I am appalled at how the "well to do" are sent Club Feds just because of their 'status'. VERY discriminating. My thought is since they are already rich and break the law to greedily grab more, they should get more time and real hard time. Martha Stewart gets sent to a club house doing decorating contests while the single mom just trying to provide for her kids does years in a cesspool trying to stay alive so she can hopefully be with her kids again. Not justice at all. 'Just Saying"

[@audreymew7650]

Yeah but the UK and other EU countries have more stringent regulations regarding who gets to be at company's insiders' table! Like, some countries require that the worker-ants have a much broader access to information regarding a company's decision-makings. In america, all the richie-riches -- the CEOs -and-friends -- do everything behind closed doors. So, our "stricter" laws regarding insider trading haven't helped so much (certainly not as much as when it was just illegal).

[@kakumee]

Yep people do it now ( like 2016-early 2021 and if there rich/high in power/ pretty/handsome )that get a slap on wrists......wtf?!!!🤬

[@fredferd965]

You haven't considered the interesting possibilities here - if Martha had gone to jail, she could have authored a book titled, "Feng Shui for Inmates - interior decoration for inmates following the principles of harmony, peace, tranquility and wisdom, plus other fascinating tips to cheer up your cell......

[@deaankoekemoer5471]

Laughed so lekka in this one omfg thanks bro

[@brainblaze6526]

glad you liked it :)

[@hfoslayer6195]

Smashing the like button so hard for you Simon!

[@brainblaze6526]

THANK YOU. I hope you phone is ok.

[@hfoslayer6195]

@@brainblaze6526 I have a cracked screen now😭😂

[@garettjames6349]

It's cringey how obvious it is that the business section people don't have any real business knowledge / experience. Anyway, an interesting topic that was missed was that US politicians are legally allowed to trade on insider information. In 2018, to rank among the top 50 wealthiest members of Congress required a net worth of at least $7.5 million. The majority of US representatives are millionaires and most were of average wealth before getting into politics...

[@kaiying74]

I used to work for a Silicon Valley company who gave us stock options etc (the most I made out of them was enough for a new TV). The day before an all company conference call where they told us about redundancies the CEO & one of the VPs flipped ~$25m in options each. I always thought that was dodgy af.

[@janmarkarcinue6765]

Your fired, Jeff!!but before you go sell my shares and keep 10% of the profits from it cause...you know... to help you sort out your sh*t or whatever. (would that still constitute as insider trading?lols)

[@JRS3540]

I've never been able to understand how insider trading is wrong... If you buy and sell stocks without paying attention to trends, learning every bit of info possible, and acting accordingly you're just acting stupidly. Hypothetical situation: I want to buy Coca Cola stock, I have a friend who works at Pepsi and they just had an inspection that found mold in one of the mixers. I can't buy the stock because I heard through a friend that a competitor will take a hit soon? Not acting on information that I have is self-destructive. At what point does it become illegal?

[@robertwilloughby8050]

For many years the weakest County for insider trading was (drumroll please) Canada. Yes, the nicest country on earth was a financial bear pit. Go figure....

[@millermonsterair]

felonies and misdemeanors are quite different. typically, a misdemeanor is always an arrestable thing. felonies are basically just "worse" type of crimes. for instance, in some places in the USA (STILL) its a misdemeanor to possess a small amount of personal use marijuana. odds are, if its first offense, the person wont even go to jail and many times, is thrown out of court. however, if you possess over, lets just say 1.5oz in this case, it gets upgraded to a felony. you are going to jail for that..... its hard to really explain but basically, felonies are worse than misdemeanors.. not always, but usually.

[@loneriot]

Felonies are usually major violations of the law, misdemeanors are minor violations of the law, but we do have a third option besides felony and misdemeanor here in the United State. Infractions. Infractions are typically the least serious of crimes. They almost never result in jail time, usually just resulting in a fine. For example, traffic violations are usually infractions rather than misdemeanors. However, drunk driving with a low BAC could be a misdemeanor, however if you say had your kids in the car, or a higher BAC, it would likely be a felony

[@Hyreia]

So, what you actually do is tell all your friends "hey, I'm going to make a big company announcement at 10am Friday, be ready for it"? Then they watch and react with the stock market, and and buy/sell before the stock market finishes reacting to it? Or is that too insider-y? It'd be public knowledge then and you're not telling them to buy or sell?

[@sarahasbury6608]

Nope a felony is a crime that's worse than a misdemeanor(crime) and it's usually able to be punished by more jail time than lesser crimes. It's usually in reference to VIOLENT acts. It's got nothing to do eith federal vs state law

[@T00FAST4L0VE]

In the US criminal justice system there are misdemeanor crimes, felony crimes, and federal crimes which are also felonies. Being a "felon" only means you've been convicted of a felony. The label doesn't distinguish between whether or not it was a federal felony. - Your American Consultant

[@rexpimplemyer3839]

It's like playing poker after you set up all the cards to favor yourself. YOU know whats going to happen before anyone else. It's cheating.

[@Westcoastadventurer]

There used to be a sign on the side of the highway in Vancouver Canada 🇨🇦 and it said “FREE MARTHA” lol

[@eberronbruce1328]

Felony is a major crime like murder, blackmail, and tax evasion. A misdemeanor is a minor crime like speeding, penny theft, and being drunk in public. Federal usually involves felonies which usually go to prisons, while misdemeanors are usually more local and deal with jail, community service, or fines. But a felony can be local or at a state level. This is to the best of my understanding and I could be wrong.

[@6luealreadydead]

13:25 while there definitely are a couple federal prisons that are nice, or like a "club fed" but at the same time you got to remember that bank robbery is also a federal crime, and so is owning fully automatic weapons, or having possession of a large amount of drugs or possession of drugs and Firearms at the same time🤔🤔🤔🤔 so regardless of how minor or white-collar their crimes might have been there still a pretty good chance they'll be watched the with actual criminals that didn't wear thousand-dollar suits to work everyday🤦‍♂️😑😂🤣😂😭😭🤷‍♂️🤷‍♂️💯💯💯

[@cebapplejak5997]

Simon, the US has three different prison systems. County, State, and Federal. County is usually a privately owned, short term sentence and pretrial battle. It's usually a maximum security level 3-4. State is longer termed sentences and lifers. Usually considered better time because you can order a tv to have inside your cell instead of just out on the unit. Federal is when your case is pursued by the federal government instead of by just the state. They're usually more high in prison and is also considered the best type of time to do. But it also usually has a minimum sentence of 60 months.