Re: Remind me
"8) in the process of managing the exchange, someone lost significant funds during transactions and currency fluctuations Isn't the "Uncle Quido" theory? The "Mafia plays Hardball" also comes to mind."
I was just trying to distinguish between deliberate fraud and a failed business plan.
Often in investment fraud cases, the intent to defraud isn't present, but the result is indistinguishable i.e. when the losses are discovered, attempts are made to make up for the losses with ever riskier investment strategies eventually resulting in investor alarm and attempts to withdraw their money and the investment company vanishing.
Biting the hand that feeds IT
