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by autosharp 1517 days ago
At first I assumed it was because of liquidity problems and not because they wanted to screw customers. But in the hearings later he refused to answer a bunch of easy questions. E.g. the following meme is literally what he said: https://www.reddit.com/r/wallstreetbets/comments/lngem6/do_y...

Q: "Do you realize that you literally manipulated the market. Yes or No?"

Vlad: "Thank you for the great question. When I was a boy in Bulgaria [ladida]"

If he had been honest in his dealings then he wouldn't have had to evade every question posed to him.

2 comments

Nah, not true. In a legal proceeding, always say the minimum. It's never to your benefit to talk to law enforcement (or congress in this case).
forget legal proceedings. If RH did the right thing AND was transparent with their users there wouldn’t have been any legal proceedings
Can you link to the transcript or recording of this question and response? I am unable to find it.