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>Lying about a customer’s account is fraud. Does that mean that you think that it doesn't happen?
by xenihn 9y ago
>Lying about a customer’s account is fraud.
Does that mean that you think that it doesn't happen?
- JumpCrisscross 9y ago> Does that mean that you think that it doesn't happen? It happens, but it’s rare, at least with repos. Treasuries are tracked by the CUSIP—the U.S. Treasury knows every nominal owner. Being short-term, settled up front and centrally tracked makes it a bad place to attempt fraud. Fraud is a frequency, not binary, metric. Fraud in crypto-currencies is rifer than anything we’ve seen in America for generations. Complaining about potential repo fraud when BitConnect and pump and dumps run rampant is a bit silly.