Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
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Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#2He broke an unwritten, cardinal rule, which is to never steal from the rich.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#3He broke an unwritten, cardinal rule, which is to never steal from the rich.
Still what she did was fraud. From the article - "Still, the judge criticized the bank, saying “they have a lot to blame themselves” for after failing to do adequate due diligence. He quickly added, though, that he was “punishing her conduct and not JPMorgan’s stupidity.” "
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#4He broke an unwritten, cardinal rule, which is to never steal from the rich.
Still what she did was fraud. From the article - "Still, the judge criticized the bank, saying “they have a lot to blame themselves” for after failing to do adequate due diligence. He quickly added, though, that he was “punishing her conduct and not JPMorgan’s stupidity.” "
Not to justify it, but why isn't the founder of UPS (edit: Fedex) in prison? I don't think it was legal to go and literally spend their money at the casino.
If you turn a profit no one cares (unless you're Shkreli, don't think his investors lost money, but he pissed off some politicians because he said the quiet parts out loud about how the pharma industry works), if you lose it's fraud.
When all the winners are doing it, hard to compete otherwise... not that it makes it right.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#5> Javice appeared regularly on cable news programs to boost Frank’s profile, also once appearing on Forbes’ “30 Under 30” list.
...alongside other scrupulous business luminaries like Sam Bankman Fried, Shkreli and Holmes.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#6> Javice appeared regularly on cable news programs to boost Frank’s profile, also once appearing on Forbes’ “30 Under 30” list. ...alongside other scrupulous business luminaries like Sam Bankman Fried, Shkreli and Holmes.
The Management Consulting to Prison Pipeline.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#7Earlier quoted context omitted.
Still what she did was fraud. From the article - "Still, the judge criticized the bank, saying “they have a lot to blame themselves” for after failing to do adequate due diligence. He quickly added, though, that he was “punishing her conduct and not JPMorgan’s stupidity.” "
Not to justify it, but why isn't the founder of UPS (edit: Fedex) in prison? I don't think it was legal to go and literally spend their money at the casino. If you turn a profit no one cares (unless you're Shkreli, don't think his investors lost money, but he pissed off some politicians because he said the quiet parts out loud about how the pharma industry works), if you lose it's fraud. When all the winners are doin…
What are you thinking the crime would be? He bet his company on a literal toss of the dice instead of the routine figurative ones.
Outside of Bribery and ?SarBox? (Whichever regulation handles kickbacks, etc), I can't think of anything.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#8Lol the biggest loser here is the ad tech company that was used to validate the entirely generated emails and somehow gave JPMC the belief that the emails matched in the DB. Get fucking rekt.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#9Sentenced to a really, really expensive purchase of Trump shitcoin. I'm sure he can find something to like about someone who made a fool of JPMorgan.
Re: Founder sentenced to seven years in prison for fraudulent sale to JPMorgan
#10Another Forbes 30 under 30!