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What about the fact, that he paid from his own shareholding of the company, and the company investors didn't end up paying for it. The bigger point every one is
by onecooldev24 9y ago
What about the fact, that he paid from his own shareholding of the company, and the company investors didn't end up paying for it. The bigger point every one is missing is, he got a 800% increase from the average sentence. That IS NOT FAIR!!
- mikeyouse 9y agoHe repaid investors in his hedge fund with millions of dollars in fraudulent consulting contracts from a different company that they weren't investors in. This is a breach of fiduciary duty at minimum and likely criminal fraud. He also repeatedly produced false financial statements to cover up his massive losses. He was convicted by a jury of his peers on Federal charges and was sentenced using the Federal Sentencing Guidelines which are universal across all cases. Shouting in all caps doesn't make something unfair...