simple@lemm.ee to Technology@lemmy.worldEnglish · 9 months agoNew York sues crypto firms for losing over $1 billionwww.theverge.comexternal-linkmessage-square26fedilinkarrow-up1199arrow-down15
arrow-up1194arrow-down1external-linkNew York sues crypto firms for losing over $1 billionwww.theverge.comsimple@lemm.ee to Technology@lemmy.worldEnglish · 9 months agomessage-square26fedilink
minus-squareDr. Dabbles@lemmy.worldlinkfedilinkEnglisharrow-up7·9 months agoThat’s it what the lawsuit is about here. It was the fraudulent misrepresentation of the investments that was illegal.
minus-squareblazera@kbin.sociallinkfedilinkarrow-up2arrow-down2·9 months agoI dont believe for a second anyone thought these werent risky investments.
minus-squareFranzia@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up5·9 months agoYou didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.
minus-squareDr. Dabbles@lemmy.worldlinkfedilinkEnglisharrow-up2·9 months agoThat’s because you and I aren’t complete fools. But when you pay a bunch of celebrities to talk about their apes, coins, and other moronic shit on national and international TV, less aware people tend to be duped. It’s a confidence scam, after all.
That’s it what the lawsuit is about here. It was the fraudulent misrepresentation of the investments that was illegal.
I dont believe for a second anyone thought these werent risky investments.
You didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.
That’s because you and I aren’t complete fools. But when you pay a bunch of celebrities to talk about their apes, coins, and other moronic shit on national and international TV, less aware people tend to be duped. It’s a confidence scam, after all.