3 ms·

> this is why white collar crime doesn't pay as well as people assume This is a sample size of 1 (or whatever count of successfully prosecuted cases of fraud)

> this is why white collar crime doesn't pay as well as people assume This is a sample size of 1 (or whatever count of successfully prosecuted cases of fraud) compared to the amount of fraud there is out there. This guy just had bad luck. There are countless instances of white-collar crime that do indeed pay very well. Some of them even operate at an industrial scale and don't even try to hide - see countless examples of massive companies routinely committing fraud - from Comcast often misbilling customers, to Airbnb reneging on their various promises and conspiring with scammers using their platform, to Amazon willingly commingling inventory and allowing counterfeiters to defraud not only end-customers but also honest sellers who often foot the bill for the returns, etc.

RajT88 3y ago
The timeshare pitch companies for example who call you 15 times a day are another great example. Fucking hell, I can't believe timeshares themselves are legal. Auto warranty scams. Health insurance scams. Medicare scams. Solar company scams (whatever that scam actually is about; not sure). And so on, and so forth... Basically every company that cold calls you constantly that's not people trying to steal your bank account or credit card info.
paulpauper 3y ago
This is a sample size of 1 (or whatever count of successfully prosecuted cases of fraud) A simple google search yields many more examples, such as arrests over NFT rugpulls https://www.theverge.com/2022/3/24/22995107/us-arrest-charges-crypto-nft-rug-pull-frosties-ethan-nguyen-andre-llacuna https://www.theverge.com/2022/3/24/22995107/us-arrest-charge... https://cointelegraph.com/news/mutant-ape-planet-creator-arrested-in-ny-for-alleged-2-9m-nft-fraud https://cointelegraph.com/news/mutant-ape-planet-creator-arr... does this name sound familiar? https://deadline.com/2022/12/sam-bankman-fried-arrested-ftx-crypto-king-1235197403/ https://deadline.com/2022/12/sam-bankman-fried-arrested-ftx-...

RajT88 3y ago

The timeshare pitch companies for example who call you 15 times a day are another great example. Fucking hell, I can't believe timeshares themselves are legal. Auto warranty scams. Health insurance scams. Medicare scams. Solar company scams (whatever that scam actually is about; not sure). And so on, and so forth... Basically every company that cold calls you constantly that's not people trying to steal your bank account or credit card info.

paulpauper 3y ago

This is a sample size of 1 (or whatever count of successfully prosecuted cases of fraud) A simple google search yields many more examples, such as arrests over NFT rugpulls https://www.theverge.com/2022/3/24/22995107/us-arrest-charges-crypto-nft-rug-pull-frosties-ethan-nguyen-andre-llacuna https://www.theverge.com/2022/3/24/22995107/us-arrest-charge... https://cointelegraph.com/news/mutant-ape-planet-creator-arrested-in-ny-for-alleged-2-9m-nft-fraud https://cointelegraph.com/news/mutant-ape-planet-creator-arr... does this name sound familiar? https://deadline.com/2022/12/sam-bankman-fried-arrested-ftx-crypto-king-1235197403/ https://deadline.com/2022/12/sam-bankman-fried-arrested-ftx-...