3 ms·
He was found guilty of defrauding investors. He started a fund, lost a bunch of the money trying to make more money for himself doing unrelated things with it,
by and0 9y ago
He was found guilty of defrauding investors. He started a fund, lost a bunch of the money trying to make more money for himself doing unrelated things with it, and only gave it back much later by repeatedly lying to the original investors and then making some of the money back via other means (turning it into stock in a new pharma company, iirc).
It was wildly irresponsible and definitely fraudulent.
- circadiam 9y agoYou sound like the type of person who thinks it’s mail fraud to use a couponbook delivered to a former tenant. I used to have a roommate like that.