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Fair enough. I was just wondering whether there were any legal barriers built in to stop people doing these sorts of dodgy deals.
by hugh3 16y ago
Fair enough. I was just wondering whether there were any legal barriers built in to stop people doing these sorts of dodgy deals.
- peteforde 16y agoThe SEC or IRS would probably consider this some variation of conspiracy to commit fraud. I'm not an American, so I am guessing.
- brc 16y agoPretty sure the SEC is nowhere near these deals as all are private, probably under some type of 'sophisticated investor' rule anyway. IRS couldn't care who ripped off whom as long as they get their pound of flesh.