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His suicide came 2 days after the troubled company's financial turn around plan to the media and 2 weeks after he sold shares near the height of the stock's rally before news hit that other insiders were dumping according to public SEC records. As of the time of this writing, he left no suicide note or explanation for his reasoning. However, his firm has been under threat of lawsuit amid calls for criminal investigation by the SEC for an alleged pump and dump scheme.
As CFO, he had deep insider knowledge of all the numbers. I wonder if he was "pushed" out instead Jeffrey Epstein style for knowing too much. This guy was a millionaire and had no reason to end it all.
As CFO, he had deep insider knowledge of all the numbers. I wonder if he was "pushed" out instead Jeffrey Epstein style for knowing too much. This guy was a millionaire and had no reason to end it all.
Yeah, there was a ton of talk about this on the financial shows. Makes you wonder what the SEC knew and what actions they were planning.
Yeah, there was a ton of talk about this on the financial shows. Makes you wonder what the SEC knew and what actions they were planning.
Meh, I am guessing it could've been just personal reasons and things going on in his life. He only joined the company 2 years ago, so I don't think there was any personal attachment to the company itself. Also, he only cashed out $1mil out of his $6.5mil+ compensation, so even if he was doing something shady, he could've been in good shape to pay off any SEC fines.
Meh, I am guessing it could've been just personal reasons and things going on in his life. He only joined the company 2 years ago, so I don't think there was any personal attachment to the company itself. Also, he only cashed out $1mil out of his $6.5mil+ compensation, so even if he was doing something shady, he could've been in good shape to pay off any SEC fines.
Oh come on now. You think it was a "coincidence" that he cashed out what he did when he did just when the stock was about to tank, as BBB announced that it was going to close dozens of stores and undergo a major restructuring in an attempt to return to profitability and stave off bankruptcy? lol Not only that, but it's been reported that vendors are starting to cut them off because they weren't paying their bills. Those are all trouble signs in my book.
Now I do agree that it doesn't make sense that he did what he did, even if the SEC had proof of inside trading, but it is still strange nevertheless.
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