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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
1. dmitry+A3[view] [source] 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[view] [source] 2022-05-19 06:48:53
>>dmitry+A3
A poor decision does not equal fraud.
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3. dmitry+g4[view] [source] 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. usrn+89[view] [source] 2022-05-19 07:33:13
>>dmitry+g4
Most marketing is arguably fraudulent. I don't think these scams are good at all but part of me really wishes there were more just to force people to think twice when they see marketing from eg Apple or Tesla.

EDIT: s/advertising/marketing/g I don't really think of them as separate but that's a good point.

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5. mdemar+P9[view] [source] 2022-05-19 07:42:38
>>usrn+89
Tesla doesn't pay for ads.
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