"In 2001 Schmitz bought $375,000 worth of shares of the nearly bankrupt company "LetsBuyIt.com" and subsequently announced his intention of investing EUR 50 Million in the company, money he did not have, creating the biggest single-day rise of a share price in the history of the German stock market. He quickly sold his shares and walked away with a profit of $1.5 million. He was arrested in Bangkok, Thailand in January 2002 and later that year was sentenced to a probationary sentence of one year and eight month, and a EUR 100,000 fine. This had been the largest insider-trading case in Germany at that time."
Fuck needless to say this guy has serious guts!
