What specific charges do you think they are guilty of? Chamath Palihapitiya would be the main culprit of dumping garbage on people that anyone would know of and I can't really find anything he'd be guilty of.
You're allowed to be a cheerleader for your company.
You're allowed to bring a business combination to the market and let people make up their mind if they want to be a part of it or get their money back from the SPAC.
You're allowed to sell your shares when your lock up ends
You're allowed to do this multiple times if people will continue to fund you.
His SPAC companes are a whose who of failed companies.
- Virgin Galactic Holdings
- OpenDoor Technologies
- Clover Health
- SoFi Technologies
and one failed SPAC Social Capital Hedosophia IV
Maybe Chamath would have been better off creating a hedge fund that only went short