https://www.nytimes.com/2018/08/11/nyregion/chris-collins-new-york.html cliffs: In board of directors of big pharma gets news about failed test sells his assets and alerts his in-laws about it 15 mins. calls son 6 times ~900k saved gets arrested guy's worth 66 million additional: guy voted expediting drug approval policy.
Thanks for sharing. Here is the part I don't understand. If you worth $66 Million and you Know you doing illegal trading, why not stop after you make your money for your family?? it makes 0 sense. I'm worth 66 million and I STILL doing illegal stuff. Make your 1-4 million and exit the game. It's like a drug dealer making millions a year and continue selling dope.
Here4money, If I have 4 million right now, I'm done. Retired. I go home and sit down and chill. Done. Nomore trading, no nothing. No debt. But I can only speak for myself.
Because people like him with big net worth from non-hard worked for sources have no understanding of the value of money and see it like a score. He is only worth something if that number keeps growing. taking a hit is like taking a hit to his manhood so he does dumb shit like this which ruins him. Happens to every rich mofo handed money or born with a silver spoon.
The idea he made his fortune by doing these shady tactics has been floated. I simply don't buy it. This was so amateurish that either the SEC are utterly incompetent, or he wanted to get caught.
El OchoCinco, You said it right. I agree with you. Like , the guy is just an idot. He already made 66 million and still taking risk. 66 million, I'm done. My whole family set for life. And I would still trade 1 contracts, cause I enjoy the challenge.
There's actually some interesting research that shows that powerful people do in fact end up with a cognetive blind spot that leads them to behave as if they are above the rules that apply to normal people. You summed it all up well in one sentence.