Pinnacle probably only has a few people that have access for distributing funds so a looting is in all likelihood is not going to happen. this is not a MF Global type scenario(i was a former mf global customer) where they were margin-called and essentially bankrupt before the looting transpired in which the major creditors were informed beforehand and funds were then misappropriated. if pinnalce were to loot accounts, the alleged owners that are being charged would also be charged with the theft of the accounts.they have been informed of this. this action would result in jail 110 percent as opposed to their current charges which make take years before a jury decides their case.
also, pinnacle is an on-going successful business that has value, a book value that far more exceeds what a one-time loot would bring in as opposed to a sale of the business.
pinnalce to my knowledge has no debt so they cannot go bankrupt and the company itself has not been charged with any criminal or civil actions. why would the owners loot the company if they will inevitably be held accountable(criminally and civilly) and the value of the company in a sale far exceeds the value of a purpoted loot?
Pinnacle probably only has a few people that have access for distributing funds so a looting is in all likelihood is not going to happen. this is not a MF Global type scenario(i was a former mf global customer) where they were margin-called and essentially bankrupt before the looting transpired in which the major creditors were informed beforehand and funds were then misappropriated. if pinnalce were to loot accounts, the alleged owners that are being charged would also be charged with the theft of the accounts.they have been informed of this. this action would result in jail 110 percent as opposed to their current charges which make take years before a jury decides their case.
also, pinnacle is an on-going successful business that has value, a book value that far more exceeds what a one-time loot would bring in as opposed to a sale of the business.
pinnalce to my knowledge has no debt so they cannot go bankrupt and the company itself has not been charged with any criminal or civil actions. why would the owners loot the company if they will inevitably be held accountable(criminally and civilly) and the value of the company in a sale far exceeds the value of a purpoted loot?
What are the possible penalties? If not severe, Pinnacle probably survive. Years ago, Pinnacle withdrew from American market to minimize risks imposed by U.S. government. But a minority of Americans found ways to continue gambling despite Pinnacle efforts.
What are the possible penalties? If not severe, Pinnacle probably survive. Years ago, Pinnacle withdrew from American market to minimize risks imposed by U.S. government. But a minority of Americans found ways to continue gambling despite Pinnacle efforts.
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