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The fraud part, which also happens to have been the illegal part, is that he misrepresented the size of the situation while soliciting investments. It might ev
by bmelton 9y ago
The fraud part, which also happens to have been the illegal part, is that he misrepresented the size of the situation while soliciting investments. It might eventually have been true, but was specifically not true at the time he made the statements he made.
That said, I agree that my analogy was bad, and I wasn't trying to assert that Shkrelli deliberately set the house on fire as much as I was just looking for an appropriate analogy of something that is illegal even though it did not have any financial damages.
The point was that while damages from fraud may be financial, the fraud is the damage, and the lie is the crime.
- kbenson 9y ago> That said, I agree that my analogy was bad, and I wasn't trying to assert that Shkrelli deliberately set the house on fire Yeah, I was just trying to add more information to it, and point out what I thought were interesting portions of the case. Less a rebuttal and more an clarification and addition. :) The case itself is very interesting because the situation is very interesting, and that's only compounded by his public persona, which is reviled by many because of prior media attention.