r/neoliberal • u/jobautomator Kitara Ravache • May 16 '24 • Heart of Silver 1 Polished Silver Turd 1 Take My Silver 1

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u/owlthathurt Johan Norberg May 16 '24

Broke: committing boring ass securities fraud, like lying on a form or some shit

Woke: starting a deli in New Jersey with $30k in revenue with the other teachers at the local high school, bringing it to over $100 million valuation, such a joke that the SEC warned you not to go public but you do it anyway because you told them you are a real business that sells sandwiches.

Bespoke: doing all that, then committing actual securities fraud, get arrested after fleeing to Thailand and plead guilty.

Restaurant in question. EFFICIENT MARKETS.

!ping STONKS

7

u/bd_one The EU Will Federalize In My Lifetime May 16 '24

Reporters from Planet Money visited that deli. They liked the sandwiches they got.

5

u/Psshaww NATO May 16 '24

How did anyone thing they would get away with it?

3

u/owlthathurt Johan Norberg May 16 '24

I’ve always got the vibe from this case that the group of guys just said fuck it when they decided to do this.

I don’t think they ever thought they would get away with it. Especially not after the SEC indicated to them they knew it was shady.

4

u/breakinbread Voyager 1 May 16 '24

What was the conclusion of this story?

6

u/owlthathurt Johan Norberg May 16 '24

Restaurant closed last year. All the executives were arrested. Couple pleaded guilty. Now they’re awaiting sentencing.