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Jeffrey Carter's avatar

Might also add: Often there is an altruistic pitch behind their fraud that . In WeWork's case, it was changing the way we live; In FTX case it was saving the planet; and so on and so on....

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Mitch Weiner's avatar

Deceptive sales tactics tend to be similar in all industries and despite a cloaked veneer of supposed respectability, proclaiming to make donations to the greater good of Community State country continent and planet do not offset lack of due diligence and proper protocol and con men throughout history have always counted on getting the benefit of the doubt from putting forth a good Public image to enhance their ability to steal. As you've seen me proclaim many times in the past few weeks and months the majority of this could have been prevented by the application of three simple words:"adequate due diligence".

Any investment made prior to such is probably no better than betting red, black or green on a roulette wheel.

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