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More than 30 arrests, and the scheme dates back to as early as 2019. The article says "A cut OF THE PROFITS went to those who helped in the plot," implying tha
by elicash 1y ago
More than 30 arrests, and the scheme dates back to as early as 2019.
The article says "A cut OF THE PROFITS went to those who helped in the plot," implying that the $7m wasn't truly profit but actually revenue? The writing is unclear to me. I'm not sure if this is before paying out to 30+ people over several years, or after, but article implies before, that it's how much was taken from victims. That I think makes the difference on whether or not it was a decent payday. The profit would be how much supposedly went to fund their other operations, which the article does allege some went to.
- Forgeties79 1y agoHonestly I imagine a lot of this just became chasing yet another thrill that net you maybe tens of thousands of dollars. I could totally see why someone would be in to that. Most hobbies drain your bank account after all lol Same reason there are people out there who shoplift even though they don’t need what they’re grabbing. The thrill of the act.
- elicash 1y agoI can definitely imagine a scenario it was worth it (a) just to fund them getting to hang out with NBA players, and/or (b) make connections with other wealthy folks in ways that are beneficial towards other ends. And that they just didn't want to operate it at a loss.
- Scoundreller 1y agoThere may be more victims. I doubt it’s based on a thorough audit of accounting, just those that put in a complaint. But how do you verify a complaint?