In December 1993, Jordan Belfort, the Wolf of Wall Street, took a shoe company public. The IPO was rigged; its founder got 41 months.
Out in 2005, he went straight back to designing its shoes. Its sales are now 2.5 billion dollars a year.
Guess the company.
In 2017, Rupert Murdoch sold his $125M stake in Elizabeth Holmes's blood testing company for one dollar.
A pharmacy chain ran her tests in its stores. She asked Murdoch to kill his paper's story that they did not work. It ran. She got 11 years for fraud.
Guess the company.
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Little did anyone know. It is tough to stay in.
