2 ms·

So how did the fraud work? I seriously tried to read the whole thing. I had to click through to the indictment[1] to read that they improperly used funds from l

So how did the fraud work? I seriously tried to read the whole thing. I had to click through to the indictment[1] to read that they improperly used funds from lenders that were supposedly for Newsweek's servers. But how exactly did the weird Amazon listings and bookstores play into it? I wish this was written more concisely instead of stretched out like a television series. [1] https://www.manhattanda.org/da-vance-announces-indictment-of-newsweek-and-christian-media-chiefs-in-long-running-10-million-fraud-probe/ https://www.manhattanda.org/da-vance-announces-indictment-of...

mattzito 8y ago
My interpretation, possibly missing something, is that these e-commerce sites are a long tail play. They have lots of peoples time committed to work on this, so why not build a network of random Shopify sites that sell stuff you can get elsewhere for cheaper? Most stuff won’t sell, but the things that will return a disproportionate return relative to the effort.