A fraudster loses to the SEC but beats the clock on penalties
Charles Kokesh not only defrauded $30m from investors. He then avoided his $50m penalty. Matt Robinson, writing in Bloomberg Businessweek, explains how Charles Kokesh, the American businessman, who had misappropriated over 30 million dollars from investors, was able to avoid paying 50 million dollars when brought to trial under the SEC.
From Bloomberg Businessweek