zlacker

>>mkeete+(OP)
If you are in the U.S. and lost money, please write to your state's Attorney General [1].

The company is Stablegains, Inc. and the people to name are Kamil Ryszkowski and Emil Rasmessen, co-founders and, I think, Board members. Copy Ken Paxton, Office of the Attorney General, P. O. Box 12548, Austin, Texas as well as his challenger George P. Bush at P. O. Box 26677, also in Austin. (Stablegains and its founders are in Texas. They are spearheading the criminal complaint.)

[1] https://www.usa.gov/state-attorney-general

>>JumpCr+hc
For what it's worth, they are also a YC backed company.

>>giantg+li
VCs promoting this sort of blatant and obvious Ponzi - and there are many VCs getting into ponzinomic crypto enterprises - is a good reason to start making some of the investors more liable.

>>davidg+Bj
> is a good reason to start making some of the investors more liable

I'm beginning to agree.

Piercing the corporate veil is reserved for "serious misconduct" [1]. If you're told someone will sell an unlicensed deposit-like product [2], promise depositors (their words) "will not lose [their] funds" [3] and pay a ten or 20% interest rate, and you give them money to do it, you aided and abetted fraud. (At the very least you were grossly negligent with your LPs' money.) You should have to make the people you scammed and hoped to profit off whole.

[1]https://www.law.cornell.edu/wex/piercing_the_corporate_veil

[2] https://stablegains.zendesk.com/hc/en-us/articles/4402680375...

[3] https://stablegains.zendesk.com/hc/en-us/articles/4402680425...

[a] Thank you nrmitch https://news.ycombinator.com/item?id=31462617

>>JumpCr+ml
Until and such time as there are consequences I wouldn't hold my breath. America is nice if you're rich. It's not so great otherwise.