3 ms·

And now they’ve thrown their legal rights away should any dispute arise. Wouldn’t recommend this strategy.

• lotsofpulp 8mo ago
  “Rights”. If you’re lying about accredited investor status, you definitely don’t have the resources to pursue your adversaries in civil litigation, much less actually collect on any judgment. But they had the option of buying VOO or whatever broad market index the entire time, so I don’t see the need to protect people who feel the need to gamble.
• nradov 8mo ago
  No, that's not how the US legal system works. I don't endorse fraud (or dishonesty in general) but your claim that lying about being an accredited investor extinguishes all legal rights in a dispute is simply false and has no basis in law. Most rights would still be retained.