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They’ve lied to the public and (if the lies were material to investors) that’s securities fraud.
by elliekelly 5y ago
They’ve lied to the public and (if the lies were material to investors) that’s securities fraud.
- cratermoon 5y agoWhich says more about the emasculated regulatory regime in the US than anything else. There are no penalties, or none of any real meaning, for causing to harm to consumers or the community, but violating the holy tenet of maximizing shareholder value is almost a cardinal sin.
- nradov 5y agoEvery single one of us has caused some harm to the community at some point in our lives. That doesn't mean it should be a criminal offense.
- cratermoon 5y agoPerhaps, but no individual continually does it for years, harming millions if not billions of others, in pursuit of profits.