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In every deal, there’s a lot of trust involved leading up to closing that neither side is full of shit. Post-close, though, there is just no world in which a sc
by fisherjeff 2y ago
In every deal, there’s a lot of trust involved leading up to closing that neither side is full of shit. Post-close, though, there is just no world in which a scam like this is not going to be (eventually) found out, and obviously there are legal remedies for that.
I feel like this is, roughly speaking, the system working as intended: Minimal friction to avoid slowing down the 99.9% of deals that don’t involve fraud, and reasonable deterrence for the remaining 0.1%. I’m sure there are lots of ways to prevent deals like this from closing in the first place, but I doubt most are worth the cost.
- vkou 2y ago> reasonable deterrence for the remaining 0.1%. Given the Trevor Milton pardon, I wouldn't count on that. At this point, you can't rely on legal remedies, you just have to be lucky that the person fucking you over doesn't have the right kind of friends.
- fisherjeff 2y agoOkay that is very fair. But civil penalties do still likely mean you can claw a good amount of your money back if you catch the fraud quickly enough.