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I’d probably assume somebody looked at “15% interest” as a sales pitch and “losing all of your money” as the actual thing that happened and concluded that it wa
by braingenious 4y ago
I’d probably assume somebody looked at “15% interest” as a sales pitch and “losing all of your money” as the actual thing that happened and concluded that it was fraud.
What exactly is fraud by your estimation?
- xvector 4y agoThere is intent behind fraud.
- kadoban 4y agoSo if you intend for the con to survive longer than it did you're in the clear? Interesting.
- nrmitchi 4y agoThe "intent" that is necessary is the intent to benefit from the known misrepresentation, which in this case Stablegains did by obtaining investment from these customers. It would be ludicrous to suggest that Stabelgains needed to "intend" the end result (ie, "catastrophically fail and lose all of their customers funds") for it to be fraud.