/biz/ - Business & Finance

How come all anyone is talking about is the illegal selling of securities side of this case, arguing over what is and isn't a security, etc. But then when I mention the fact that the SEC is actually suing Larsen and Garlinghouse directly for stealing $600 million worth of investor's funds, and it's just radio silence?

You guys are fucking delusional. The cuck in pic related HAS BEEN STEALING FROM YOU. This isnt JUST about selling an illegal security to investors, it's about misleading them, saying you're selling for "operating costs" or "partnership deals" or whatever the fuck and then POCKETING THE MONEY.

THEY STOLE $600 MILLION FROM YOU.

I bet this thread goes straight to page 10 because it's actually talking about the real reason the SEC is suing ripple (but moreso Larsen and Garlinghouse directly). I'll repeat, they printed off basically an infinite number of currency they created, and sold it at a discount to people over the counter, pocketing 600 MILLION DOLLARS IN THE PROCESS