After market testing a rejection of the settlement (more fraud?), the CEO is then given another opportunity to accept the settlement, which he does.
Now imagine he goes on Twitter to vent his frustration at the SEC for his sweetheart deal. $tslahttps://twitter.com/elonmusk/status/1047943670350020608 …
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Imagine having invested in Lehman the day before it collapsed. This line of argument is out of whack with reality. If you don’t see his behavior and still invest. That’s on you.
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I’ve seen many people make this argument. I don’t follow. He violated the law, and committed fraud. Of course anything you invest in is ultimately on you, but there are laws to prevent fraudulent claims and unfair business practices. Would you say the same if it was Jamie Dimon?
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Being a repeat offender of fraud/price manipulation is not a defense of fraud/price manipulation.
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No I don’t disagree with you. I’m saying the logic of anyone losing money based on bad behavior is equally bad. Guy who invested 3 years ago losing his wealth is the same as the guy who did it the night before.
End of conversation
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Sack is a good name for a bag holder.
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What you get for betting your life savings. You take responsibility for yourself or suffer the consequences.
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