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... literally all of the SPAC mania was about circumventing regulation and defrauding shareholders in public markets. All of the SPACs are worth a fraction of w
by code_biologist 18d ago
... literally all of the SPAC mania was about circumventing regulation and defrauding shareholders in public markets. All of the SPACs are worth a fraction of what they were at listing. I don't see anyone being prosecuted.
Edit: I take that back, [1] this guy got prison time. Do Chamath next.
[1] https://www.justice.gov/usao-sdny/pr/former-ceo-special-purpose-acquisition-company-sentenced-prison https://www.justice.gov/usao-sdny/pr/former-ceo-special-purp...