sunspotter
2 weeks ago
"If his appeal goes against him, and if he is still alive, bankruptcy will follow."
To be clear, the company will go bankrupt, not Leo "who gives a shit about the SEC" Ehrlich.
He will keep all the many millions of dollars he took from IPIX, including his kickback for transferring $4 million of shareholders' money to an off shore start-up company in a completely unrelated industry.
It's not cheap to maintain a garish mansion in Florida, especially when it's complete with a pool (and a pool boy, natch). Even if you take paying guests, you gotta grift, apparently.