3 ms·
That’s… not true at all. Cooking books and falsifying projections is fraud. Asking for investments with a clear disclaimer that the goal is a social good that
by brookst 2y ago
That’s… not true at all.
Cooking books and falsifying projections is fraud.
Asking for investments with a clear disclaimer that the goal is a social good that won’t be profitable? If that’s fraud, then every major arts institution everywhere is guilty.
- pintxo 2y agoThere is a reason we usually use the word donation in that context. And don’t call it investments. As those tend to be associated with an expectation to be paid back times x.
- Retric 2y agoIf you want money to provide a social good without the expectation that the money will be paid back, you're asking for a donation. You can also ask for money as a loan, fee for service, etc. But an actual investment isn’t “investing in our community” it’s asking for money in exchange for to potential to gain more money etc.