It's the same violation of law but it doesn't quite look like the same kind of fraud. What's illegal is co-mingling funds; but you can co-mingle funds and do at

It's the same violation of law but it doesn't quite look like the same kind of fraud. What's illegal is co-mingling funds; but you can co-mingle funds and do at least baseline proper accounting to make sure you're not too in the hole, vs. co-mingle funds and just straight up lie about how you're doing. Y'know, you're just a regular libertarian guy looking to get rich by breaking the law and not some coked-up wunderkind thinking he gets to save or destroy the world.