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He then tried insider-trading. Had a deal with the owners of well known but almost bankrupted internet startup in europe, made a press appearence saying he and his "investors" were going to save the company. Stock prices soared up, the owners and kimble sold a bunch of stock, it come out just a few days later and the stock price crashed again.
He got arrested for that and for misusing his investors' money.
He now lives in Hong Kong, or so they say, and his rebuilding his stuff, scamming new investors, he is very good at convincing people that his ideas are great.
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"Think about it a little more and you'll agree with me, because you're smart and I'm right."
- Charlie Munger
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