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by vlovich123
1127 days ago
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Outright fraud is a very different thing in all contracts because there’s no meeting of the minds by definition. In fact, the incentives are typically the other way in private capital markets. Most investors are extremely wary of getting into lawsuits with companies they invest in even if they’re getting screwed / there’s fraud because it reflects poorly on you as an investor. Often better to just take the loss. No one is going to prison because of billionaire investors. They’re going to prison because of fraud. Now maybe the billionaire investors managed to get a DA to take on the case in the first place and that’s a problem, but not because she shouldn’t be going to prison. |
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