Sacrificial Goat
I suspect he's going to get the iron glove to the face, not the velvet one. The regulators like to publicly slaughter someone every few years to keep up the illusion that their doing their jobs. He perfectly fits the bill. Defiant, arrogant, involved in a sector of finance the rest of the industry wants to see hammered, and a slam dunk conviction where the prosecutor could probably secure a conviction while sleepwalking on Ambien.
Someone will make a career milestone out of taking his head in court, and none of his few remaining friends have enough pull to get him into "slap on the wrist" court. No, I expect his remains will be thrown to the wolves, and rightly so. I hope the joyride with other peoples money was fun, because what he is looking at now is a world of pain as he slowly grinds through the legal system.
Biting the hand that feeds IT
