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by halfmatthalfcat
960 days ago
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> Most of the fraud you are talking about also wouldn’t have the explicit benefit directly to the founders The "Frank" startup that sold to JPMC because they lied about active users [1] directly contradicts your conclusion. It happens, probably more than we realize, and founders have an incentive to do it so they can reach a liquidity event to cash out. [1] https://www.reuters.com/legal/former-executives-college-aid-... |
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