NEW YORK - Julian Assange perhaps misspoke or he better tell that to SEC regulators.
Security fraud is when investors are deceived by untrue statements on any form of securities. Usually resulting in a loss of money on the investors half. Basically, investors that have lost investments due to false statements regarding their securities have been victims of security fraud. Among other fraudulent security activities are corporate fraud, accountant fraud, and mutual fund fraud.
Assange made the statement that "one or two major banks could fail." He is making that call using information no one else has access too. If no bank fails in the near future then Assange is obviously guilty of securities fraud.
Perhaps not his original intention but one cannot be making statements on the future of banks with non public information.
Either way this is the last we discuss of Assange.
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