[mjt91]

>In 2001, Schmitz bought €375,000 worth of shares of the nearly bankrupt company Letsbuyit.com and subsequently announced his intention to invest €50 million in the company.The announcement caused the share value of Letsbuyit.com to jump,resulting in a €1.5 million profit for Schmitz.

This is just _dumb money_. Also I dont see how this is different to many crypto marketeers today.

[djur]

It's insider trading. I'm not sure if you're trying to defend him by comparing him to other con artists?

[nullc]

He's been doing the same stuff inside the cryptocurrency space in recent years, FWIW.