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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "SPAC Gives $150 Million To Fake Greek Company" video.
This isn't a matter of sophistication. The SPAC sponsor is incentivized to make a deal, any deal, and investors are really trusting.
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They're battling fraud lawsuits and already promised to return some of the money.
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The stock analysts generally take the word of numbers on a page.
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@dbspecials1200 the fraud is the easy part. Getting away with it is the hard part
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@dangerouslytalented that's a literal conspiracy theory. There often is a fish that gets away but you're implying everyone arrested/fined is a fall guy.
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Everyone keeps taking the word of numbers on a page...
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That's a bit of an exaggeration, but there are major conflicts of interest involved.
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@dangerouslytalented given the lack of any apparent plan B, that's unlikely in this case
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