Comment by mitxela
1 day ago
If he really did this, he's going to prison, but not for a few years. Defrauding shareholders is one of the worst things you can do, because it attacks the system directly.
1 day ago
If he really did this, he's going to prison, but not for a few years. Defrauding shareholders is one of the worst things you can do, because it attacks the system directly.
No, people defraud shareholders all the time these days and get away with it. Look at Boeing
What did the Boeing CEO do to defraud shareholders?
How is Sam Altman still on loose then
There is always a bigger fish, and sometimes the shareholders are the small fish and never realize.
... 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-purp...