This is another sadden story again about someone that just supposed not to trade crypto and meme stocks. Trading and investment is not a get rich quick. Meme stocks trading is like gambling. Coins like bitcoin may be promising, but what if you invested at $50000, bitcoin price now at $30000. Bitcoin will get to all-time-high but not good to use the money that is not yours.
As for trading, not that it is not a get rich quick, but you should use the money that you can afford to lose. The man may wanted to return that money, but crypto and meme stock trading landed him in prison.
The former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million, which he used to trade cryptocurrencies and “meme stocks.“
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Ex-CFO who stole $5M to trade crypto and ‘meme stocks’ gets 3 years in prisonTrading is a risky business it must be pursued by all. Those who find trading platforms easy I would say have not yet received a good education about trading. Greed and passion are the best among the few principles of trading platforms. Those who came here for more greed are destroyed from here. Especially the person you quoted here was trading Meme Coin with a 5 million dollar loan. Later he must have lost from meme coin. The person you quoted made a mistake in the first place because he started trading with a loan on a trading platform and secondly started trading in meme coins. So because of his mistake he is now damaged and jailed. Everyone should learn from this so that no one gets into such trouble.