This is what you get when following his investments: In 2001, Schmitz bought €375,000 worth of shares of the nearly bankrupt company Letsbuyit.com (de) and sub

This is what you get when following his investments: In 2001, Schmitz bought €375,000 worth of shares of the nearly bankrupt company Letsbuyit.com (de) and subsequently announced his intention to invest €50 million in the company. The announcement caused the share value of Letsbuyit.com to jump and Schmitz cashed out, making a profit of €1.5 million. One commentator suggested that Schmitz may have been ignorant of the legal ramifications of what he had done, since insider trading was not made a crime in Germany until 1995, and until 2002 prosecutors also had to prove the accused had criminal intent. Source: http://en.wikipedia.org/wiki/Kim_Dotcom#Criminal_investigations http://en.wikipedia.org/wiki/Kim_Dotcom#Criminal_investigati...