3 ms·
> It is odd how in past fraud cases (Enron, Bernie Madoff, others) the media focused on the victims and how much they lost. Seems the highest portion lost were
by spicymaki 4y ago
> It is odd how in past fraud cases (Enron, Bernie Madoff, others) the media focused on the victims and how much they lost.
Seems the highest portion lost were from institutional investors making long shot bets. They may not want to be candid about their lack of due diligence with investor funds. It might be such a small portion of an overall portfolio they can write it off and move on.
There are so many people losing money in crypto these days due to exchange collapses and rug pulls perhaps there may be too little signal relative to the noise. Just search "victims of crypto scam" in a news search engine and there are tens of thousands of results. Many with hundreds or thousands of victims per scam.