The saga of Longfin and the crazy CEO has been going on for awhile.
His appearances on CNBC trying to defend the company have been something to watch. Especially since the allegations in the SEC's Emergency Freeze Order contradict his public statements on CNBC. His words are likely to be used against him in court.
I especially enjoy his claim that Reg A filers "have no obligation to follow GAAP". That statement alone should have triggered the SEC and NASDAQ to take action sooner since it demonstrates his offering and recent SEC filings, including the recently filed 10-K, were a sham.
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