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> > "... and the raise itself would be very exclusionary." > If you mean "open to accredited investors" well, I'm ok with that. How dare you. Drug lords and r
by SuchAnonMuchWow 5y ago
> > "... and the raise itself would be very exclusionary."
> If you mean "open to accredited investors" well, I'm ok with that.
How dare you. Drug lords and ransomware writers have as much rights to buy the US constitution as everybody else. It's their hard-earned money, they should be able to use it however they want. /s
- disruptalot 5y agoCan you explain the history of accredit investor laws and how they were designed to keep out criminals? I thought they kept out retail, i.e. the less wealthy. Criminals are traditionally the opposite and have "legitimate" funds that they have washed through and through using the existing financial system.
- arcticbull 5y agoWell the OFAC list and AML/KYC laws do that. Accredited investor laws are to stop poor people from getting rekt by snake oil salesmen which led to the Great Depression.