Dot Com CEO Gambled Away Financing In Vegas
from the does-no-one-do-due-diligence-any-more? dept
Apparently there are still plenty of investors who don’t do any sort of due diligence any more. The 23-year-old CEO of a dot com lied about his company to a variety of investors, and then took their money and spent it gambling in Las Vegas. He was arrested yesterday. What I don’t understand is who are the folks who actually gave him all this money and what were they thinking?
