I really wish stories like this traveled farther. As the world fraud economies have grown, most people have remained mostly uninformed about how fraudsters and Ponzi schemes operate -- how they sound, what their founders act like, and how they can go on for far longer and trap far smarter people than you'd expect. With the constant weakening of serious consumer protections (at least in America), sharing these cautionary tales is more important than ever.
On a tangent, I wonder how much of "Uncut Gems" was inspired by this story.
chneu•2h ago
I would go one step further and say people are not uninformed, they're primed to fall for it.
We live in a world where a person can believe whatever they want and find sources to back it up. With the lack of critical thinking in a large amount of the public, people willfully fall for scams because the scammers say whatever people want to hear and that messages goes out to millions of people thanks to social media.
The current conditions are perfect for scammers. Look at the US President
arn3n•2h ago
On a tangent, I wonder how much of "Uncut Gems" was inspired by this story.
chneu•2h ago
We live in a world where a person can believe whatever they want and find sources to back it up. With the lack of critical thinking in a large amount of the public, people willfully fall for scams because the scammers say whatever people want to hear and that messages goes out to millions of people thanks to social media.
The current conditions are perfect for scammers. Look at the US President