Money Stuff: The Podcast Perpetual Motion Machine: Adani, MSTR, OSTK
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Nov 22, 2024 Intrigue unfolds as allegations of bribery against Ghatam Adani collide with corporate ethics in international business. The podcast navigates the complex implications of U.S. laws in foreign investments, particularly around ESG concerns. MicroStrategy’s bold Bitcoin strategy takes center stage, revealing its unique market dynamics and the risks of short selling. The discussion also highlights stock manipulation tactics using 'magic tokens' and the psychological toll on short sellers, emphasizing the importance of mental health in the high-stakes world of finance.
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Adani Bribery Case
- Gautam Adani, one of the world's richest people, faces bribery charges.
- U.S. prosecutors allege he offered over $250 million to Indian officials for solar contracts.
Legitimate-Sounding Bribery
- The Adani bribery case emails sound legitimate, discussing incentives for state power companies.
- Paying incentives is normal; however, paying executives personally is bribery.
US Jurisdiction in Adani Case
- The U.S. involvement in the Adani case stems from Adani Green's bond offering.
- Some bonds were sold to U.S. investors, allowing the U.S. to claim jurisdiction.