[scrumbledober]

he said "funding secured" and didn't have any funding secured. The SEC was lenient in allowing the settlement without an admission of guilt, but that does not mean he was not guilty. I'm a huge fan of most of the things he has done, but this was a boneheaded move only surpassed by his embarrassing pedophilia comments.

[Agathos]

Technically he was lying to his investors, not the SEC.

Of course then in that 60 Minutes interview he all but declared he wouldn't honor his side of the settlement, but we'll see if he follows through on that.