Gnasher My question is how do they charge these guys and NOT involve the mechanism used to perpetuate the fraud?
Redshift
Wrong person to be asking on business law, especially in the US market.
In my laymans mind,
my guess would be that:
- As operators of the business they would be liable to prosecution (operating a ponzi scheme) for operating an illegal operation
Wiki: https://en.wikipedia.org/wiki/Ponzi_scheme
SEC: http://www.sec.gov/answers/ponzi.htm - The actual mechanics (the Ponzi) that created the fraud would most likely not be implicated.
Gnasher said:
Redshift
Wrong person to be asking on business law, especially in the US market.
In my laymans mind,
my guess would be that:
- As operators of the business they would be liable to prosecution (operating a ponzi scheme) for operating an illegal operation
Wiki: Ponzi scheme - Wikipedia
SEC: http://www.sec.gov/answers/ponzi.htm- The actual mechanics (the Ponzi) that created the fraud would most likely not be implicated.
I am guessing that they will be getting a thorough analysis which may explain some of the people who are suddenly absent from the website in admin terms. The silence is pretty telling. I bet there is some scrambling going on to distance as ,much as is possible from Mr Garza and his day to day operations. I doubt they will be successful though, He would have been unable to do this without the complicit assistance of several places.