2 ms·
If someone wants to pour money into a crazy scheme, why should our government waste resources to protect them? The website says "The FBI is legally mandated to
by fortran77 4y ago
If someone wants to pour money into a crazy scheme, why should our government waste resources to protect them? The website says "The FBI is legally mandated to identify victims of federal crimes that it investigates" so I suppose that's the stated reason, but why should they care?
If someone was illegally selling securities that they claimed were regulated or audited, or that depositor's funds were FDIC or SPIC insured, certainly law enforcement should step in for the "victims." But why waste FBI manpower in this case? Why not just let "a fool and his money" go anyway they want? (Is it because the stolen money went to fund nefarious things, like North Korea?)
- UncleEntity 4y ago> But why waste FBI manpower in this case? Because half of the purpose of punishment for crime is deterrence? If “they should have known better” was a valid legal defense for fraud…
- everfree 4y agoAre you asking why the government should prosecute crimes, or are you asking why securities laws exist in the first place?
- astrange 4y agoNorth Korea can steal crypto directly and doesn't need help from Estonians. Though Lazarus doesn't seem to have been indicted for anything yet.