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I 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 t
by pmart123 7y ago
I 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?