zlacker

[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]

>>donsup+(OP)
YC invested in what was clearly an outright fraud? Or did they pivot do hard that nobody noticed?

>>dmitry+A3
A poor decision does not equal fraud.

>>devout+94
Promising a guaranteed 15% return is fraud. There is no place in reality where you can * guarantee * that kind of return.

>>dmitry+g4
They explain the risks on their website: https://stablegains.zendesk.com/hc/en-us/articles/4402687751...

>>devout+E4
If there are risks, how can the 15% be guaranteed?