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this post was submitted on 01 Aug 2024
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If the CEO was lying to the investors that's akin to being lied to about the odds of a slot machine. It should totally be prosecutable.
At the same time I don't feel sorry for them, and think they should be last in line after all the other victims
I was under the impression investors would be behind the 3rd parties hurt by this? Is that not how things work?
Also, retail investors are usually on the bottom behind institutional investors who can afford to big lawyers.