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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "MASSIVE Penny Stock Scam Uncovered By SEC" video.
You're not a very good fraudster if literally all your schemes get busted before you cash out....
70
Ego. Scam artists are often deluded in they think they're smarter than anyone else
5
The weird part is you don't even need to commit fraud to make money trading your own stock. 1. Pay the execs in shares instead of cash. 2. Publicly perform share buybacks. 3. Repeat until the share float is tiny. 4. File with the SEC to sell your shares in block trades.
3
@adama7752 Warren Buffet actually only pays himself a six figure sallary, but he owns the bulk of the class A shares in Berkshire. Those shares are ludicrously high due to decades of buybacks. As Buffet always said: Financial markets transfer wealth from the inpatient to the patient.
3
@henryeghaghara9385 speaking as an ex-jailer, no amount of money is worth prison time.
3
@chillrawr9603 the whole point I was making was that ISN'T fraud.
2
Synthetic drugs or synthetic stock?
1
@barrycolby2810 only if you're a liar. Everyone looks the same in a pod.
1