Imagine having bet your life savings on $tsla puts the week Elon committed fraud. You would have lost every penny of your entire fortune, only to find that Elon could accept a settlement where he pays a .002% fine, and retains CEO, without admitting fault or guilt.
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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