GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Kim Schmitz AKA Kimble, owner of Megarotic???

Drake · 04-19-2008, 02:30 PM

"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."

His punishment: "a 20-month suspended sentence after five months in jail awaiting trial".

That's amazing.

All in all, he's a pretty busy guy it seems.

04-19-2008, 02:30 PM
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	"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." His punishment: "a 20-month suspended sentence after five months in jail awaiting trial". That's amazing. All in all, he's a pretty busy guy it seems.