/biz/ - Business & Finance

>>51261375
There's more to the story. The glowies are coming for all these meme stock executives.

>Gustavo Arnal, 52, is being sued for allegedly inflating the Bed Bath & Beyond's stock price in a 'pump and dump' scheme
>The lawsuit, filed August 23, claims a majority shareholder (RYAN COHEN) approached Arnal about a plan to control shares of the company so they could both profit
>As part of the plan, it says, Arnal 'agreed to regulate all insider sales'
>It alleges he put out 'materially misleading statements' showing the company's finances were improving to artificially raise the share prices
>By the time he sold over 42,000 shares in the company two weeks ago it was valued at $1 million
>Arnal then took his own life by jumping from the 18th floor of the famous 'Jenga' tower in Manhattan's Tribeca neighborhood on Friday
Anyone else getting 2008 vibes?
https://www.dailymail.co.uk/news/article-11178601/Bed-Bath-CFO-faced-lawsuit-claiming-engaged-pump-dump-scheme.html