Answer: They either have delusions of grandeur or they're incredibly stupid.
It makes absolutely ZERO sense to defraud the government when running a business like that. Non-payment of taxes is a huge no-no in the Gov's eyes, especially once you get into the millions. You would think that anyone making that much money would have the common sense to just give the Gov. what they require. I mean, it's not like they need it to survive--they are making freakin' millions, yet they can't part with a portion of that money to stay on good terms with the one agency that has the potential to destroy them? Yeah, really smart.
Agreed, but Dat surely though he was flying under the radar since he was not openly selling his products on a web site. Precision Peptide owner surely made as much or more than Dat and got a slap on the wrist. Makes me wonder why they let Dat go with nothing.
Precision Peptide owner Gavin Smith got charged with for selling misbranded drugs with the intent to defraud selling peptides that are not approved by the FDA. He ended up with six months of home confinement followed by three years of probation. Precision also had to give up over $2 million of seized peptides.
https://www.justice.gov/usao-md/pr/...g-companies-indicted-selling-misbranded-drugs
This guy got screwed for far less
APRIL 01 (PITTSBURGH) –A resident of Palatine, Ill., was indicted on March 26, 2013, by a federal grand jury in Pittsburgh on
charges of mail fraud, misbranding of drugs and money laundering, United States Attorney David J. Hickton announced today. The three-count indictment named Adam F. Higdon, 40, of Palatine, Ill., as the sole defendant. According to the indictment, Higdon maintained two websites for the illegal distribution of peptides - chemical compounds which require a prescription for dispensation, but which are illegitimately sought by body-builders for muscle enhancement. Higdon deceived the Internet service provider and the Food and Drug Administration (FDA) by falsely representing on the websites that he was selling these substances "for research use only . . . not for human consumption." During the period from January 2010 until January 2011, Higdon allegedly paid $131,472.50 to acquire the substances from suppliers in the People’s Republic of China; and he thereafter sold the peptides for $397,662. The law provides for a maximum total sentence of 20 years in prison and a fine of $250,000 on the mail fraud count; three years in prison and a fine of $250,000 on the misbranding count; and 20 years in prison and a fine of $500,000 on the money laundering count. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant. Assistant United States Attorney Leo M. Dillon is prosecuting this case on behalf of the government.
After it all ended he got a slap on the wrist too - A resident of Palatine, Illinois, has been sentenced in federal court to three years probation and 100 hours of community service on his conviction of mail fraud, misbranding of drugs and money laundering, United States Attorney David J. Hickton announced today.
**broken link removed**
https://www.justice.gov/usao-wdpa/pr/peptides-distributor-sentenced-probation-community-service