Monday, October 24, 2016 11:52:29 AM
Does he deserve jail time for BBDA scamming? We all think he does but in reality, what did he do? He pumped a product that was real - crappy - but real. We bought his fiction. We wanted to get rich quick, so we thought we had a good thing here. And, even when we knew something was shady, we continued buying because we wanted to get rich quick and we thought there was a slight chance this would make it. We let our desire for making some good money rule our intelligence.
If he put any effort whatsoever into his pumps, they are considered legit by the SEC even though we all know (and so does the SEC) that they were fruitless scams. But that's how it works. All legal and no law violation here. Remember - "Let the buyer beware". That holds true for BBDA stock as well.
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