4 ms·
Huh? The penalties are to make sure that people are deterred from defrauding customers even in relatively low dollar amount cases like this one, and the rest wa
by pdabbadabba 11y ago
Huh? The penalties are to make sure that people are deterred from defrauding customers even in relatively low dollar amount cases like this one, and the rest was to pay the backers' legal fees. They only paid $668 in restitution because only 31 backers sued.
What's the problem?
- deleted 11y ago[deleted]
- makomk 11y agoThe problem is that they have something like $25,000 in other backers who haven't been refunded, and those penalties and fees mean the creator almost certainly won't be able to refund them.
- pdabbadabba 11y agoI'm not sure why you were down-voted. You make a decent point--though I'm not sure what the solution to this problem is short of abolishing civil penalties altogether. (Though I suppose it would be possible to set up some rather complex system where future plaintiffs can recover from the previously collected civil penalties held by the state,) And certainly the issue you point out doesn't justify the "Yay, graft!" comment above.