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Pharma Bro needs to go to prison to stop the next arrogant idiot who thinks he can dig himself out of a hole from attempting to do so. That he actually managed
by psergeant 8y ago
Pharma Bro needs to go to prison to stop the next arrogant idiot who thinks he can dig himself out of a hole from attempting to do so.
That he actually managed to is great — for his investors — but it’s not a course of action society wants to promote.
- Bartweiss 8y agoIt was pretty much the stock equivalent of check kiting. If you've got enough money coming in, you can often fill accounts before the checks clear and steal nothing; the reason it's illegal is that you're hiding risks by claiming to have the money in hand.