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RT is going to be a fantastic case study when their scheme unravels. The likelihood of the outcomes RT has enjoyed occurring without committing some kind of fra
by sidlls 4y ago
RT is going to be a fantastic case study when their scheme unravels. The likelihood of the outcomes RT has enjoyed occurring without committing some kind of fraud or employing other illegal practices is basically (not exactly) zero. At this point it's more a question of whether their skill in hiding the shenanigans can continue to outpace discovery of them at a level of visibility that forces action by the authorities.
- cavisne 4y agoAgreed. I did originally buy into the explanation that they collected/digitized stock data that is no longer available. But really it’s more likely to be some sort of fraud.
- joshuamorton 4y agoIt has partway, they've paid something like 7 billion in tax penalties for medallion, which wipes out a lot of the gains from the past few years.