4 ms·

And sold the rights to 'We' for like $5mil in stock...to the company he founded. Matt Levine has had a great time ripping him apart for this.

rwmurrayVT 7y ago
Matt Levine once (or twice..) ripped me apart :(
- alexhutcheson 7y ago
  Link?
  - rwmurrayVT 7y ago
    https://www.bloomberg.com/opinion/articles/2018-07-12/a-speed-race-for-soybeans https://www.bloomberg.com/opinion/articles/2018-07-12/a-spee...
    - Lazare 7y ago
      Wow, you're the guy who ran the fake tender offer for Fitbit, made $3k, and went to prison? Ouch. :)
      - rwmurrayVT 7y ago
        Well, most of that is accurate. Also forfeiture doesn't account for the fact that you may have paid capital gains tax. I feel like they really shafted me on that one.
        knd775 7y ago
        Did you actually serve the full two years? That would've had you getting out pretty recently.
        rwmurrayVT 7y ago
        Federal sentences are able to be reduced to 85% with good time. It is also possible to participate in a residential drug treatment program to get up to 12 months off of your sentence. Additionally, they typically send you to a privately operated halfway house near the end of your sentence. Halfway house time can vary widely. Participation in the residential program guarantees you at least 4 months in a halfway house. While at the halfway house you can go out into the community socially, for work, and to live at home for up to 48 continuous hours. From the halfway house you are also capable of being placed on full time home confinement. You become eligible when you have 10% of your sentence left. Occasionally more well-known types, such as politicians, are sent to home confinement earlier. This is supposedly because of "security issues" at the halfway house. I was sentenced in March of 2018 and self-surrendered at FCI Morgantown on May of 2018. I participated in the residential program and left in May of 2019. I am fully released in October of 2019. I currently live at the halfway house. You need an ankle monitor to go on home confinement and my place of employment is not compatible with an ankle monitor. Unfortunately, the BOP requires you to pay 25% of your gross income to the halfway house while you reside there. Edit: I can't edit my original comment. I'd also like to add that Matt Levine's wife works at the Federal Defenders of NY office.
  - rwmurrayVT 7y ago
    He mentioned me again today. Sept 16 2019
- knd775 7y ago
  Maybe don't commit securities fraud
  - rwmurrayVT 7y ago
    I wouldn't recommend it to the average person. It worked out a lot better for me than most would expect.

rwmurrayVT 7y ago

Matt Levine once (or twice..) ripped me apart :(

alexhutcheson 7y ago
Link?
- rwmurrayVT 7y ago
  https://www.bloomberg.com/opinion/articles/2018-07-12/a-speed-race-for-soybeans https://www.bloomberg.com/opinion/articles/2018-07-12/a-spee...
  - Lazare 7y ago
    Wow, you're the guy who ran the fake tender offer for Fitbit, made $3k, and went to prison? Ouch. :)
    - rwmurrayVT 7y ago
      Well, most of that is accurate. Also forfeiture doesn't account for the fact that you may have paid capital gains tax. I feel like they really shafted me on that one.
      - knd775 7y ago
        Did you actually serve the full two years? That would've had you getting out pretty recently.
        rwmurrayVT 7y ago
        Federal sentences are able to be reduced to 85% with good time. It is also possible to participate in a residential drug treatment program to get up to 12 months off of your sentence. Additionally, they typically send you to a privately operated halfway house near the end of your sentence. Halfway house time can vary widely. Participation in the residential program guarantees you at least 4 months in a halfway house. While at the halfway house you can go out into the community socially, for work, and to live at home for up to 48 continuous hours. From the halfway house you are also capable of being placed on full time home confinement. You become eligible when you have 10% of your sentence left. Occasionally more well-known types, such as politicians, are sent to home confinement earlier. This is supposedly because of "security issues" at the halfway house. I was sentenced in March of 2018 and self-surrendered at FCI Morgantown on May of 2018. I participated in the residential program and left in May of 2019. I am fully released in October of 2019. I currently live at the halfway house. You need an ankle monitor to go on home confinement and my place of employment is not compatible with an ankle monitor. Unfortunately, the BOP requires you to pay 25% of your gross income to the halfway house while you reside there. Edit: I can't edit my original comment. I'd also like to add that Matt Levine's wife works at the Federal Defenders of NY office.
- rwmurrayVT 7y ago
  He mentioned me again today. Sept 16 2019
knd775 7y ago
Maybe don't commit securities fraud
- rwmurrayVT 7y ago
  I wouldn't recommend it to the average person. It worked out a lot better for me than most would expect.