Elsewhere in “fraud is legal now” news, President Donald Trump commuted Carlos Watson’s prison sentence and pardoned Trevor Milton. Watson ran Ozy Media, which impersonated a customer on a due diligence call; Milton ran Nikola Corp., which rolled a truck down a hill to pretend it had an engine. One possibility is that if you do hilarious high-profile fraud, Donald Trump will find that amusing and will pardon you. There are alternate readings.
Meanwhile “Charlie Javice was found guilty of defrauding JPMorgan Chase & Co. in its $175 million acquisition of her student-finance startup, Frank, following a six-week trial.” I thought Javice’s fraud was also pretty funny — she sold JPMorgan a fake email list for $175 million! — so there is hope for her; perhaps Trump just hasn’t gotten around to pardoning her yet.
It is probably bad that politically connected people can do fraud with impunity but. You know.
Source: Assorted Fraud Stuff – Bloomberg