Wow, thank you Jurisper
I think that was the mnost succinct and illuminating post I've read. So thanks again.
What has been the fate of the other PIPE funds you mentioned? Have they all collapsed? Are the other managers in legal trouble as Corey is?
The most illuminating thing you said is that the fund was structured around creating the kind of liquidity that would facilitate extracting the high management and incentive fees. So, as you said, it was mainly his own investors that he raped.
But, what do you think was going through Corey's mind at the time? Did he know that he was making unsound investments? How could he not know? Did he know how unethical it was what he was doing? And is that why he dressed it up with all that charity work? There are people who quietly go about doing charity work, without trying to draw attention to themselves, but I never saw anybody try so hard to wring out attention and recognition from their charity work as Corey did.
