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That would be fraud, though, right? And probably some kind of securities crime into the bargain?
by asdfasgasdgasdg 5y ago
That would be fraud, though, right? And probably some kind of securities crime into the bargain?
- AnIdiotOnTheNet 5y agoYou say that like the finance world would never commit fraud or securities crime, even when given an unregulated market to work with.
- asdfasgasdgasdg 5y agoI don't know how I "said that like" anything. I was just expressing curiosity about the legality of the described behavior.
- lotsofpulp 5y agoWho was defrauded? “Journalists” and “journalism” websites want clickbait. The whole purpose is to give the “journalist” just enough plausible deniability to write a clickbait headline, which benefits CNBC/BBC and the person selling within their family. As far as I know, misleading “news” is not illegal.
- em-bee 5y agoit's fake news
- MD87 5y agoNo-one needs to be defrauded to make out an offence of Fraud in the UK. "Fraud by false representation" happens when someone dishonestly makes a false representation with the intent to make a gain for themselves or another. Making up a news story to flip NFTs would almost certainly amount to a crime of fraud by false representation.
- klipt 5y agoYes it's called Painting the Tape and is illegal in the US and prohibited by the SEC: https://www.investopedia.com/terms/p/paintingthetape.asp https://www.investopedia.com/terms/p/paintingthetape.asp