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> When I say that the consumers are equally complicit, what I really mean is that in many cases they just listened to a sales pitch and accepted it as truth. I
by vec 14y ago
> When I say that the consumers are equally complicit, what I really mean is that in many cases they just listened to a sales pitch and accepted it as truth.
If you tell me something that you know or should know to be false, I act on what you told me, and you benefit from my action, then by definition I have been defrauded.
- logn 14y agoIt's hard to speculate in a vacuum and obviously we don't want details in this medium, but here's a sales pitch: Salesman: "By a MagicSuperAwesomeLotto ticket! There's no chance to win 50 million if you don't buy one. It's definitely a very risky investment. But it's an extremely small loss and the payout could make you generationally rich. We sell them in increments of $1, $5, and $50 if you want 50x chance to win, and we accept wire transfers." Client: "So do I have to match all the picks in a row to get a payout?" Salesman: "I'm not sure. It's a new product. We'll have to check." Client: "Oh don't bother. I'll take $5,000 of them." Overheard... "What a moron."