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Keep in mind this is Revenue for a 50-75 person company. Some of his employees will be payed quite well. If they make 100k, the actual employee costs might be c
by dukeofdoom 4y ago
Keep in mind this is Revenue for a 50-75 person company. Some of his employees will be payed quite well. If they make 100k, the actual employee costs might be closer to 150k after all the government dues. So his employee costs alone could be around 10 million.
And if his pills really are sourced from the top manufacturer, then his claim of 20% profit margin of "food" might be correct too.
- Kaze404 4y agoWhat's the source for the amount of employees? I couldn't find anything about that, let alone specifically 50 or 75. I also think it's unreasonable to say that in a 50 person company that sells junk and makes YouTube videos that the median salary would be 100k. And even if it was, 50 * 150k is $7.5 million, not "around 10 million". The difference is significant considering we're talking about a $2m fine.
- dukeofdoom 4y agoAlex's sworn testimony during the trial. He was asked how many employees he had, and he gave these estimates. 75 * 150,000 = 11,250000. I quotes 10 million because it was a nice round number.
- johnmosermd 4y agoAccounting records are going to be subpoenaed eventually if this keeps up.