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Not unless he gets sued. And I hope he does
by pxue 7y ago
Not unless he gets sued. And I hope he does
- deleted 7y ago[deleted]
- TheOtherHobbes 7y agoHe borrowed money against his WW shares. There are rumours a margin call may be due.
- pmart123 7y agoAt this point, he should really be looking to add a property in Florida before it is too late.
- onetimemanytime 7y agohow does that work? I know from OJ that FL law protects the home, but will you have a $50 Million home with all the expenses but that cannot sell? Maybe he can borrow against it... But I doubt he'll get sued. Unless he fudged the numbers it isn't his fault that supposedly sophisticated suckers gave him money.
- pmart123 7y agoI think it would be hard to prove anything outside out of gross incompetence. If he buys a Florida home and uses it as his primary residence, he would be able to keep the house even during bankruptcy. So he could buy the $40M, declare bankruptcy on the margin loan, and then sell the house eventually as far as I understand it.
- gigatexal 7y agoBut the valuation falling so badly and his shady antics perhaps there’s a case for failing as CEO to execute one fiduciary duty? Any lawyers here on HN?