Given that this is the third time he’s been charged with defrauding people, I’m just kinda wondering what he thought was going to happen. I mean, he stole 200 million the first time around, so I can’t imagine he was short on cash unless he didn’t even bother to evade taxes and stash everything offshore. Which would be shocking.
The second thing that blows my mind is that he somehow squeezed 35 million out of 150 people. That’s an average commitment of 230k per person. Giant Ponzi schemes I get, but this is like a high school field trip’s worth of investors and he collected 35 million of off them. Wild.
Given that this is the third time he’s been charged with defrauding people, I’m just kinda wondering what he thought was going to happen. I mean, he stole 200 million the first time around, so I can’t imagine he was short on cash unless he didn’t even bother to evade taxes and stash everything offshore. Which would be shocking.
The second thing that blows my mind is that he somehow squeezed 35 million out of 150 people. That’s an average commitment of 230k per person. Giant Ponzi schemes I get, but this is like a high school field trip’s worth of investors and he collected 35 million of off them. Wild.
You could say he Madoff with some money.
Ba dum tisssss