Saturday, February 11, 2017 12:34:34 PM
Just proving who is on the other end of a computer is not easy and very expencive.
In the end if they threw the book at him what would it do really?
If they could prove that he fraud ed the shareholders out of money he could be forced to give it back. But the amount they could actually prove as fraud would be a fraction of the cost of getting it. And you can bet he has no assets that come close to the value of what he stole.
Criminally they could get him for engaging in a public company after being banned... but doing so is rare and mostly based on the amount of money stolen for a sentence.
If you think a criminal is going to leave a paper trail of cash he stole you would be wrong.
In the end it isn't worth the effort. This is why pinksheet scams continue to thrive.
It's barley worth prosecuting.
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