Are we really going to say send Neumann to jail and institute a national wealth tax because he scammed the Saudi's by way of Tokyo? Nobody forced supposedly smart investors to sign up for a real estate play that gave away beer. The warning signs were on this one from the start
Think about what Neumann did: he convinced a company to invest and sign off on him taking an enormous pay day, leasing property from himself, with super voting rights, selling stock pre-IPO and paying him almost $1.5b to walk away. He negotiated this into his contract!
Don't get me wrong, it is a case study in what NOT to do as an investor and corporate governance. However, Neumann convinced his investors to pay him and allow him to do this. If the investors agreed, why is it Neumann's fault? Also, this wasn't Wall Street money
