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They said that they had $10k in the bank; $1.5k had been 'invested'; and the fine is $20k. So... yes?
by alextgordon 11y ago
They said that they had $10k in the bank; $1.5k had been 'invested'; and the fine is $20k. So... yes?
- jboy55 11y ago$10k in the bank is hardly "Sand Hill Exchange is backed by notable Silicon Valley investors, providing sufficient capital to guarantee deposits." Because they got fined $20k, and now they have no backing for the $1.5k of deposits they have taken.