3 ms·
That likely wouldn't work though. IMO the reason these people were so successful in deceiving so many "investors" is selection bias, much like Nigerian-scams us
by heelhook 12y ago
That likely wouldn't work though. IMO the reason these people were so successful in deceiving so many "investors" is selection bias, much like Nigerian-scams using Nigeria as the country of origin to only engage very gullible people. If they were to "only" guarantee 80% of the principal most victims would have gone away.
- netcan 12y agoThat's true. This is not that kind of scam. This sounds closer to plain theft by fraud. I just think the made-up story they are telling, these lies, are usually variations and exaggerations of the stories told by "legitimate" players. It's interesting. Laws, standards and people's brains need black and white. A line after which things are fraud, crime and such. But I think from the perspective of the scammers, they probably saw themselves as part of a spectrum. They probably pay more attention, compete with and emulate their neighbors on that spectrum. Little dodgy funds copy little legitimate funds. Little illegal scams copy little dingy funds. In the wild, the line between this and that doesn't exist. It's like the line between pirate, privateer, wrecker and merchant.
- mpclark 12y agoThat line usually works like this: I am a merchant, YOU are a privateer and HE is a pirate.