From: https://sec.report/Form/S-1 https://sec.report/Form/S-1 "SEC Form S-1 is a registration filing form for companies to complete registration of securities

From: https://sec.report/Form/S-1 https://sec.report/Form/S-1 "SEC Form S-1 is a registration filing form for companies to complete registration of securities offering under the Securities Act of 1933 [pdf] (see also, 15 USC Ch. 2A, Part 77. This act, also known as the Truth in Securites Act was inacted to bring greater transparency to securities. Through form S-1, companies offering securites are required to disclose a description of the company’s properties and business; a description of the security being offered; information about management running the company and financial statements that have been certified by independent accountants." I would guess that the "certified by independent accountants" part is what would cause scammers problems. So how many decades will it take the USA government to close this SPAC loophole? Our government is so slow! (but it has a long memory, and judging by the above it can't spell).