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gitreal

03/01/15 2:09 PM

#26928 RE: stockchampp #26921

I am sure that Cuban spared no expense with his legal team. So what? Is it okay to cheat and defraud others, as long as you don't get caught, or if you get off because you can afford better lawyers? What Thompson did is pretty clear cut fraud and was labeled by the SEC as a Ponzi scheme.

Did you read the SEC case documents? Pretty disgusting. Targeted old folks with investment meetings held at local shopping malls. If they didn't have enough money to qualify as investors, they were directed to a bank where a corrupt loan officer took their houses as collateral and then directed the loan money straight to the scammers, where it was never seen again. At least the bank finally investigated and fired that loan officer, and hopefully rectified the fraudulent loans.