SPACs are just a legalized instrument for fraud, let's just say that. How else can you describe a system specifically designed to bypass the S1 vetting process?

SPACs are just a legalized instrument for fraud, let's just say that. How else can you describe a system specifically designed to bypass the S1 vetting process? https://www.justice.gov/usao-sdny/pr/former-chief-financial-officer-two-spacs-pleads-guilty-fraud-scheme https://www.justice.gov/usao-sdny/pr/former-chief-financial-... And, I believe what you are saying is that in the current "business model" the scale is the product - not the product itself.