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The Bents countered that they didn't profit themselves and were simply trying to "save the fund" and protect investors.
"Aletheia and Eichler had an obligation to treat all clients with equal fairness, but instead they cherry-picked winners and losers and unfairly disadvantaged investors in two hedge funds to profit themselves," said Michele Wein Layne, the head of the S.E.C.'s Los Angeles office.
In making investments that profit themselves, entrepreneurs also profit the rest of the economy.
"This is not the same as the free school proposers making a profit themselves".
"It is beyond comprehension that anyone would try to profit themselves under the guise of collecting donations to help the surviving family members of the fallen emergency responders".
Other parts of the tech firm then simply act as resellers of the technology, paying the "owner" of the technology a hefty fee each year for the right to use it and making little profit themselves.
Similar(52)
What's also noteworthy is the propensity of so many city startups to wreak havoc on existing, profitable industries without generating big profits themselves.
Besides generating profits themselves, the scans enable cardiologists to find blockages in patients who have no symptoms of heart problems.
Investors are also pushing to add or raise hurdles, which require that general partners reach a certain threshold of returns before they start earning profits themselves.
It's not Exxon's record profits themselves, but the generous subsidies that the Bush administration continues to provide oil companies in the face of those profits -- most recently in the Energy Policy Act of 2005.
Profit taxes surged partly because profits themselves surged – this has been an economic recovery in which real wages for most workers have actually gone down, so that profits have gathered the lion's share of the gains – but also because a temporary tax break instituted in 2002 expired.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com