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It's not like just some clueless investors suffered. Rich people don't face consequences like that. They just tighten their purse strings. It hits the people
by busterarm 4y ago
It's not like just some clueless investors suffered.
Rich people don't face consequences like that. They just tighten their purse strings. It hits the people they employ.
Plus all of that investment money would otherwise have gone to a real business and employed tens of thousands of real people for decades.
Her fraudulent enterprise robbed real opportunity from real people and real businesses.
Edit: Also, it's not just about eagerness to see her serve prison time. She committed serious crimes and has been given multiple opportunities to express remorse for what she has done. At each opportunity she has instead chosen to double down on her innocence. This is why we're all eager to see her serve the maximum length and quality of time.
- nostromo 4y agoThis is a bad argument because every failed business has the same effect.
- busterarm 4y agoNot at all. Trying out a business model is okay. That conveys valuable information to the market and others who might attempt the same. It might be viewed as a bad investment but it's valuable to attempt and fail. It's not stealing opportunities from people. Operating a straight up fraud is _just_ stealing from people. If you worked for a business that failed, that's not going to prevent you from getting your next job. There's no harm to you personally for having worked there. On the other hand if you worked somewhere that perpetrated a fraud, then that will actively harm your future. Also, failed businesses that attract VC money don't usually fizzle out...their IP and customer lists get acquired at a discount.
- ulizzle 4y agoEvery failed business isn't a fraud. Bad take.