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in isolation maybe that's ok-ish? How many other high-paying tweets that look like fraud did he keep all the cash? Do we know? Was it none? "Dang, turns out t
by harry8 4y ago
in isolation maybe that's ok-ish?
How many other high-paying tweets that look like fraud did he keep all the cash? Do we know? Was it none?
"Dang, turns out that one is a loser - they got me on that one." Can be a business expense in a profitable operation.
I see this kind of thing as fraud and there /needs/ to be conviction and jail, even a week in minimum security. There has to be consequences that aren't a business expense for getting in on fraud.
The "I'm a dumb celebrity so I didn't know" defence is just garbage, they should be terrified of accepting such "gigs". Utterly crapping themselves about how bad it could go.
- yieldcrv 4y agookay, sure but that needs a criminal indictment along with subsequently being proven guilty. that’s very different than a civil charge with a prescribed fine that can be paid to avoid the civil trial. the SEC occasionally refers cases to the DOJ for a criminal trial. but tbh, they kind of don't want crypto defendants sweating because the SEC’s logic will get challenged, potentially leaving the nation with no regulator at all. they need civil settlements as much as you need justice for bagholding something a celebrity shilled.
- notahacker 4y agoI suspect the number of tweets each of those celebrities made that [likely] fell foul of SEC guidelines was one. It's not a difficult thing for the SEC to check. A 3x fine is no deterrent if your action is easily concealed but promoting services to a public audience, by definition, is not concealed