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Alias Born 04/14/2024

Re: None

Monday, 04/22/2024 6:18:54 PM

Monday, April 22, 2024 6:18:54 PM

Post# of 42483
another crime is the insurance fraud, the company bought the $5 million dollar management liability insurance from some company and paid over $100,000/year in premiums// only fraudulent companies would buy that insurance. they know they well be sued or bought insurance and commit some crimes and get sued and claim the insurance payment for management being sued. none of the management being sued is even fired.
insurance fraud, they wanted to get sued. why anyone want to sell those management liability insurance. because these lawsuits can go unlimited high and that is the problem where management intentionally does some investor fraud and wants get sued so go bankrupt.
as for the insurance companies, they are making big bucks in premiums as the people buying is the corporation not the individuals. essentially management is not personal liable for investor fraud or mismanagement.