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I don't think regulation alone will solve it. Let's not forget the massive Madoff ponzi scheme in a highly regulated space...
by rmbyrro 4y ago
I don't think regulation alone will solve it.
Let's not forget the massive Madoff ponzi scheme in a highly regulated space...
- harambae 4y agoSomeone on HN pointed out recently that a lot more Madoff ponzi money was recovered than one might expect. https://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal https://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Mad...
- rmbyrro 4y agoIt doesn't require regulation to recover funds from fraudsters. [1] I have the opinion that a higher likelihood of getting caught and facing prison would be more effective than regulators that can sometimes be easily tricked for years. [1] https://news.ycombinator.com/item?id=30260787 https://news.ycombinator.com/item?id=30260787