Re:Martin Shkreli is found guilty of securities fraud
by lojack on Friday August 04, 2017 @03:50PM
(#14931561)
Your analogy is slightly off... suppose you lent $10,000 to an acquaintance known for being able to double it, and they promise to return it doubled in a year. A year later you ask for your money and he gives you $6,000 from someone else he convinced to do the same thing along with $6,000 from a different venture that was taking off and $8,000 work of equity for that startup. You didn't quite get what was promised, it seems a little shady, but at least he didn't rip you off.
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Re:Martin Shkreli is found guilty of securities fraud
by soundwave106 on Friday August 04, 2017 @04:16PM
(#14931845)
The problem is, in most cases, historically the type of actions Shkreli tried often ends in disaster (often done by someone intentionally being malicious, I might add).
Shkreli may have been able to work his pseudo-Ponzi-ish scheme to investors' benefit. But it is pretty easy to look up the sordid history of the vast majority of Ponzi-type schemes, to see why this type of activity is generally illegal.