Possible scenario
Narrow Federal Prosecution
45% Chance
The most likely path is a conventional DOJ national-security case under 18 U.S.C. §951, with prosecutors arguing the defendant acted at the direction or control of Chinese officials without notifying the attorney general. The case remains centered on the individual defendant and does not materially affect markets.
Portfolio impact
S&P 5000.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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