Buying assets that you know are being sold for below market value with you IRA is illegal. Thiel sold himself paypal stock for .1 cents per share after he had obtained funding that valued the company far above that. I'm not going to say what he did was illegal because that's for courts to decide, but it certainly seems like the IRS has a case.
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Buying assets that you know are being sold for below market value with you IRA is illegal. Thiel sold himself paypal stock for .1 cents per share after he had obtained funding that valued the company far above that. I'm not going to say what he did was illegal because that's for courts to decide, but it certainly seems like the IRS has a case.