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I don't know how people like Matt Schumer can attempt what looks like fraud and deception being chalked off as a giant oopsies (which isn't really convincing) a
by deisteve 2y ago
I don't know how people like Matt Schumer can attempt what looks like fraud and deception being chalked off as a giant oopsies (which isn't really convincing) and not face any consequences.
For rest of us, this is a privilege that we don't have. We can't deceive, defraud our investors because it has real consequences....but not for people like Matt Schumer, why is that?
- Loughla 2y agoHaving mountains of money, in the US, is equated to being smart and better than. This means that failures, unless they purposefully exploit other better thans, are always forgiveable. Even when they're mildly intentional.
- mupuff1234 2y agoPretty sure it's not a US only thing.
- mecsred 2y agoJust imagine the legal system as a money duel. If you have little money you can be crushed at no cost. Trying to fight someone with big money, even if you're likely to win, will take a lot of time and money. Unless the fraud was black and white or you're in for the long haul it's easier just to lick the wounds.
- parentheses 2y agoDoes that logic apply to the State - usu plaintiff? Doesn't seem so since they have seemingly endless capital but have limits in what they can bring to bear. You tell me...
- nayroclade 2y ago"The state" is not a monolith. Anti-fraud enforcement is handled by agencies with limited budgets and resources. Often they are deliberately underfunded and understaffed precisely so they cannot cause too much damage and embarrassment by going after really big targets.