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It's straight-up, black-and-white securities fraud. You defrauded the shareholders because you led them to believe that you were not doing a thing that most of
by labcomputer 2y ago
It's straight-up, black-and-white securities fraud.
You defrauded the shareholders because you led them to believe that you were not doing a thing that most of your customers would find odious. So they bought stock in your company believing that you were not doing a thing that would obviously lead to backlash if anyone ever found out. And then the stock went down when someone found out, and they lost a lot of money, and now you're out of a job and maybe in jail.
- flerchin 2y agoThat's certainly a theory. In general, publicly traded companies are not held to account like this. Many examples to choose from, but listing any of them would derail the argument to the exact specifics. Also, if the stock does not take a hit, then there's no crime at all under this theory.