Exactly. In this case it's pretty clear how Nate was defrauding investors with the claims. Amazon Go made fraudulent claims, but not only had the legal savvy to

Exactly. In this case it's pretty clear how Nate was defrauding investors with the claims. Amazon Go made fraudulent claims, but not only had the legal savvy to hedge those claims, they didn't directly raise fund from investors based on those claims. IANAL, of course.