Re:Uber faces criminal probe over software used to evade aut...
by misiti3780 on Friday May 05, 2017 @09:52AM
(#14273408)
If you are still confused about the criminal acts that occurred, read more about REPO 105:
Re:Uber faces criminal probe over software used to evade aut...
by j_bond on Friday May 05, 2017 @04:42PM
(#14276689)
That is a pretty weak example since it even says in the article that the window dressing maneuver was probably within the GAAP principles and the regulatory bodies were aware of the practice.
It kind of goes to my point that it seem to be more of incentive and business failure than a criminal one. Being aggressive with your company and then failing isn't a crime.
Re:Uber faces criminal probe over software used to evade aut...
by Karunamon on Friday May 05, 2017 @04:22PM
(#14276558)
I'm not sure criminal is the right word here. The suit was settled for $10M, and there are conflicting interpretations as to whether that accounting maneuver was actually illegal or not. Given that the case never went to trial, it still remains up in the air.
Re:Uber faces criminal probe over software used to evade aut...
by milquetoastaf on Friday May 05, 2017 @09:40AM
(#14273330)
Incompetence can be criminal
Re:Uber faces criminal probe over software used to evade aut...
by jon_richards on Friday May 05, 2017 @10:58AM
(#14273892)
Much more rarely than some people seem to think, though.
2008 was really the popping of an investment bubble due to business incompetence and exuberance among many actors. I don't really see that as a criminal act. If that were the case, then all VC employees should be arrested for causing the 2001 bubble. The only argument that really has any merit is the one that rating agencies misled investors, so I can see some action being done there.
Whereas here with Uber, there are clear laws being broken - very different in my opinion.