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This company pretend to be a bank, lied about their financials & via those lies convinced people to "deposit" their money in my "bank". That sounds pretty cri
by danny_codes 4y ago
This company pretend to be a bank, lied about their financials & via those lies convinced people to "deposit" their money in my "bank".
That sounds pretty criminal to me. Obviously cryptocurrency should be considered a security, but this case is a bit more extreme than that.
- LatteLazy 4y agoYou don't need to know any of that, as soon as they offered ~20x the return a bank would offer, you knew it was (at least) 20x riskier. As soon as it was too good to be true, it was too good to be true. I don't see a queue of people who got their money out in time and made a tidy profit queuing up to return the cash because the whole thing was a cheat. And these people are no different, they would have boasted about their investment if it had lasted another 6months and they'd gotten their cash back. That's the problem here: It's heads they win, tails they cry they were cheated in the vague hope someone will give them free money...
- binbashthefash 4y agoSounds like how banks work