simple@lemm.ee to Technology@lemmy.worldEnglish · 11 months agoNew York sues crypto firms for losing over $1 billionwww.theverge.comexternal-linkmessage-square19fedilinkarrow-up1121arrow-down14 cross-posted to: technews@radiation.party
arrow-up1117arrow-down1external-linkNew York sues crypto firms for losing over $1 billionwww.theverge.comsimple@lemm.ee to Technology@lemmy.worldEnglish · 11 months agomessage-square19fedilink cross-posted to: technews@radiation.party
minus-squareDr. Dabbles@lemmy.worldlinkfedilinkEnglisharrow-up4·11 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-up1·11 months agoI dont believe for a second anyone thought these werent risky investments.
minus-squareDr. Dabbles@lemmy.worldlinkfedilinkEnglisharrow-up1·11 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.
minus-squareFranzia@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up1·11 months agoYou didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.
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.
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.
You didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.