4 ms·
> Why does he have any money at all at this point? wasn't one of the big points during the IPO failure that he borrowed money from the company, bought property
by kobalsky 3y ago
> Why does he have any money at all at this point?
wasn't one of the big points during the IPO failure that he borrowed money from the company, bought property and then leased it back to them?
it seemed jail-worthy at the time
- lazide 3y agoMy guess is he was transparent enough about it that he was able to avoid it being a crime. In general, fraud and similar requires lying (either by omission or directly). Investors can’t complain if they were told everything up front, even if it was obviously a bad deal when they sober up later.
- fakedang 3y agoIt's not illegal, but it shouldn't have happened. But the board was sleeping at the wheel.