2 ms·
Was it a scam? Adam didn't violate any laws. Investors should have done diligence and all the self dealing would have came out during an audit. Fact they didn
by adrr 7y ago
Was it a scam? Adam didn't violate any laws. Investors should have done diligence and all the self dealing would have came out during an audit. Fact they didn't is what i think is the scam. If i was an lp in the fund, i would think about suing the fund for the breach of duty.
- rabidrat 7y agoGood scams start off as legal until new laws are written detailing how exactly the scams are illegal in the future.
- SpicyLemonZest 7y agoMaybe, but this is very different from the original examples of Madoff and Worldcom. Their scams were flagrantly illegal at the time that they did them.