@simple@lemm.ee to Technology@lemmy.worldEnglish • 2 years agoNew York sues crypto firms for losing over $1 billionwww.theverge.comexternal-linkmessage-square28fedilinkarrow-up1201arrow-down15
arrow-up1196arrow-down1external-linkNew York sues crypto firms for losing over $1 billionwww.theverge.com@simple@lemm.ee to Technology@lemmy.worldEnglish • 2 years agomessage-square28fedilink
minus-squareDr. DabbleslinkfedilinkEnglish8•2 years agoThat’s it what the lawsuit is about here. It was the fraudulent misrepresentation of the investments that was illegal.
minus-squareblazeralinkfedilink0•2 years agoI dont believe for a second anyone thought these werent risky investments.
minus-squareFranzialinkfedilinkEnglish5•2 years agoYou didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.
minus-squareDr. DabbleslinkfedilinkEnglish2•2 years 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.