C'mon. Curt Kramer's been sued by the SEC at least twice before this. He's always known exactly what he was doing.
Except at the very beginning, perhaps. Back around 2006, he bought a convertible note or something--I forget the details--from the notorious Pearlasia of PAIM/ZNXT. Pearlie was diluting like crazy, and some of her formerly-loyal shareholders were getting pissed off.
She sent one of them an email saying that if he didn't like PAIM, he could just sell his stock. And that as a matter of fact, she knew someone who was interested in buying unlimited amounts. His name was Curt Kramer. And then she offered his work and personal phone numbers.
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