4 ms·
...and then file for bankruptcy?
by alekratz 10y ago
...and then file for bankruptcy?
- dahdum 10y agoAre the founders going bankrupt, or just the company? I'm guessing only the latter.
- the_mitsuhiko 10y agoI'm consistently surprised there is no jailtime involved.
- wmf 10y agoYeah, after you spend 18 months developing a product and then refund all your customers you should go to... wait, what?
- mikeyouse 10y agoIn Lily's case, it seems there was potentially fraud occurring too.. If that's the case, I wouldn't mind seeing some jail sentences: http://www.bizjournals.com/sanfrancisco/news/2017/02/01/dronemaker-lily-robotics.html http://www.bizjournals.com/sanfrancisco/news/2017/02/01/dron...
- techthroway443 10y agoGood thing for them going bankrupt isn't a crime.
- detaro 10y agoThey aren't just going bankrupt, they lied about what they had already developed while collecting the money (and are under investigation for that, and thus legal consequences could be happening).
- hashmymustache 10y agoI'd prefer that fate for Theranos
- crestedtazo 10y agoI agree. Defrauding investors isn't a "woops" sort of mistake. They deliberately lied about what they had and sought to exploit the misconceptions their company perpetrated for personal gain. If people who do this aren't sent to jail, isn't the system encouraging more people to try stuff like this?