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Plenty of the victims of this are people who invested in Real Companies that guaranteed 3-4% returns, which is higher than bank interest rates but also lower th
by olliej 4y ago
Plenty of the victims of this are people who invested in Real Companies that guaranteed 3-4% returns, which is higher than bank interest rates but also lower than, and ostensibly lower risk than, the stock market.
For many of the victims of the crypto scams index and retirement funds are unavailable or apparently higher risk than what the cryptobros have been claiming crypto as.
These victims aren’t being greedy or playing stupid games, they were simply trying to do the best they could with what they had - and all the cryptobros have been saying for a few years now - apparently supported by markets surging (often through wash sales and other fraud).
Or there were the people who were explicitly and repeatedly told that their deposits were FDIC insured, only to discover that that was also a lie.
Don’t fucking victim blame you PoS.
- cercatrova 4y agoAnyone who "invests" in something with "guaranteed" returns is a fool in my eyes. There is no such thing as a guaranteed return, and I suppose no amount of fools will change that fact.