4 ms·
Snarky comment about LLCs being able to shirk responsibility by just going bankrupt... But really this seems like a basic class-action fraud suit on what they
by llamataboot 7y ago
Snarky comment about LLCs being able to shirk responsibility by just going bankrupt...
But really this seems like a basic class-action fraud suit on what they hoped would be a bootstrapped ponzi-scheme. (Spend enough, fast enough to get enough customers to be able to actually deliver your product) but not keeping at least enough money in reserve to make minimum refunds is a major liability.
- qeternity 7y agoAn LLC does not protect anyone from fraud...
- aeternum 7y agoWould be very difficult to get this to qualify as fraud. Maybe if they used the funds for their uncle's advertising company. There have been many startups that have wasted money on things that make less sense than advertising before going under.