I do find the final outcome kind of weird. He was sentenced for these exorbitant amounts of fraud, then later all of the investors got their money back.
I understand that customers lost out on interest/potential earnings. But it's still kind of weird the trial and sentencing happened before the final reckoning of the company and the damage was actually assessed.
That's the usual outcome in a Ponzi scheme. In the case of Bernard Madoff, for instance, none of the participants actually needed the money, so it wasn't spent.
There was a YouTube video that said it was unfair to compare MLMs to Ponzi Schemes, that it ruins the good reputation of Ponzi Schemes, because you could never get back the money you lose in an MLM.
If you're caught shoplifting from a store, you will be prosecuted even if you give all the things back. The victims being made whole does not erase the fact that a crime was committed.
"Stanford Law School Professors Joseph Bankman and Barbara Fried had meetings in recent weeks with lawyers and other figures considered to be in Trump’s orbit about clemency for their 32-year-old son..."
This is the danger of not prosecuting criminals. (Also, how are they still teaching at Stanford?)
I do find the final outcome kind of weird. He was sentenced for these exorbitant amounts of fraud, then later all of the investors got their money back.
I understand that customers lost out on interest/potential earnings. But it's still kind of weird the trial and sentencing happened before the final reckoning of the company and the damage was actually assessed.
That's the usual outcome in a Ponzi scheme. In the case of Bernard Madoff, for instance, none of the participants actually needed the money, so it wasn't spent.
There was a YouTube video that said it was unfair to compare MLMs to Ponzi Schemes, that it ruins the good reputation of Ponzi Schemes, because you could never get back the money you lose in an MLM.
If you're caught shoplifting from a store, you will be prosecuted even if you give all the things back. The victims being made whole does not erase the fact that a crime was committed.
https://archive.ph/OXEhv
Are you not entertained?
The existence of $TRUMP memecoin makes this sound potentially shady.
"Stanford Law School Professors Joseph Bankman and Barbara Fried had meetings in recent weeks with lawyers and other figures considered to be in Trump’s orbit about clemency for their 32-year-old son..."
This is the danger of not prosecuting criminals. (Also, how are they still teaching at Stanford?)