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Why isn't the DOJ looking into him? He should be brought up on charges just like Elizabeth Holmes. There has to be a clear fraud cause in here somewhere. He ca
by iamleppert 7y ago
Why isn't the DOJ looking into him? He should be brought up on charges just like Elizabeth Holmes. There has to be a clear fraud cause in here somewhere.
He can't be allowed to get away with what he has done, he needs to be stripped of his money and spend some time in jail to act as a deterrent for others who would seek to do the same.
- darawk 7y agoHe didn't really commit fraud, though. He really did create a successful business. He didn't defraud anyone, he just convinced supposedly smart investors that he was somehow going to generate billions in profit from a company that just didn't have the business model for that. He found a little glitch in the system, and honestly, that's fine. This is how the system learns, and hopefully fewer investors will waste their money on someone like him in the future. But at the end of the day, what he did wasn't really illegal, and it shouldn't be. The bare essence of what happened is he asked some supposedly very smart and sophisticated people to give him billions of dollars, and they said "we like you, so yes". There's nothing intrinsically wrong with that, it's their money to throw away how they please, and they should have known better.
- neffy 7y agoWhat he did should be illegal - and maybe one day it will be - but right now there are no laws against this. If there were, a lot of very rich people - who have exploited this particular loophole would need to be prosecuted...