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Perplexed at these charges against Andy Bechtolsheim, a billionaire and one of Silicon Valley's greatest hardware designers. https://t.co/GyYZyu733f
Andy Bechtolsheim, age 68, with a net worth >15 yards, agreed to SEC plea deal on insider trading for $400k. It’s mindboggling to me how these guys just can’t help themselves. Pathetic. https://t.co/GY2HrMwvzU
This is crazy, if accurate Bechtolsheim (founder of Sun, Google seed investor, worth $16B) as chairman of Arista (he cofounded) had a close relative buy call options on Acacia the day before they acquired it… earning a total of $416k. WHY WOULD HE DO THIS? https://t.co/2bt8eDwjxl
Andy Bechtolsheim, age 68, a co-founder of Sun Microsystems and a prominent Silicon Valley billionaire with a net worth of over $16 billion, has been charged with insider trading. The charges relate to Bechtolsheim allegedly using insider information to make $416,000 from trading related to the acquisition of Acacia by a company he co-founded, Arista, where he served as chairman. Despite his significant wealth and his status as an early investor in Google, Bechtolsheim has settled the charges with the SEC through a plea deal for $400k without a criminal referral to the Department of Justice. The situation has sparked discussions about the motivations behind such actions by individuals of substantial wealth.