Saturday, December 19, 2015

Link roundup

1. "Martin Shkreli Accused of Being Surprisingly Good at Fraud"

I can't shake my sense of amazement that Shkreli seems to have gambled on redemption and won. If you believe the allegations in today's indictment, he lost (or stole) all of his investors' money, then lied to them to string them along, Ponzied it up by raising new money to keep them happy, and then finally found an investment that allowed him to pay off his earlier investors, with profits all around. He wasn't caught because his scheme, like most such schemes, eventually crashed under its own weight. His scheme worked!
And on the album:
The government regularly auctions seized property to raise cash, so perhaps some other rich private buyer will end up owning the album. Perhaps it is cursed and brings an indictment for securities fraud to whoever possesses it.
2. "[Former Laker (and Oz actor)] Rick Fox is the new owner of the League of Legends team Gravity Gaming, which will be rebranded with his name...To be known now as Echo Fox"

3. Pop culture blog Toy Robot closed.