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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
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1. dmitry+A3
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2022-05-19 06:43:32
>>donsup+(OP)
YC invested in what was clearly an outright fraud? Or did they pivot do hard that nobody noticed?
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2. devout+94
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2022-05-19 06:48:53
>>dmitry+A3
A poor decision does not equal fraud.
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3. dmitry+g4
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2022-05-19 06:50:02
>>devout+94
Promising a guaranteed 15% return is fraud. There is no place in reality where you can * guarantee * that kind of return.
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4. devout+E4
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2022-05-19 06:54:38
>>dmitry+g4
They explain the risks on their website:
https://stablegains.zendesk.com/hc/en-us/articles/4402687751...
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