You think "SPAC King" Chamath Palihapitiya should be in prison?
Yep.
Giving someone a bad deal isn't fraud if they willingly sign up for it and it doesn't violate securities laws. I wouldn't defend SPAC runners as good people but they aren't criminals (at least as it pertains directly to their SPACs)
It gets cloudy when you’re dumping on “retail” investor’s 401k’s and every scumbag along the way is getting a cut. Actually, not so cloudy.