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 prison This is to remind us that greed will never make you successful in life, instead it will only lead to a worst situation that will make you live your life miserably. Also, committing crime will never give you an advantage but will always lead you into another crime, so be ready to pay whatever consequences that crime has resulted.
Investing and trading have high potentials to create big changes in our lives, but know that the process is always hard and may even take years before the desired goal is achieved.