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A comment on Robinhood Will Retool Checking Product Following Scrutiny. Parent comment

Re:Robinhood Will Retool Checking Product Following Scrutiny by mikeash on Sunday December 16, 2018 @01:59PM (#18694503)
If you state it as “I have insurance coverage” rather than “I should be able to obtain coverage immediately” then I don’t see how that’s not fraud. There’s no legal principle that you’re off the hook if your crime doesn’t succeed.
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Re:Robinhood Will Retool Checking Product Following Scrutiny by AnthonyMouse on Sunday December 16, 2018 @02:04PM (#18694539)
> If you state it as “I have insurance coverage” rather than “I should be able to obtain coverage immediately” then I don’t see how that’s not fraud.

But the second one is the one that applies to a future product you haven't actually provided yet.

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Re:Robinhood Will Retool Checking Product Following Scrutiny by mikeash on Sunday December 16, 2018 @02:21PM (#18694655)
I don’t think so (for example, my car insurance automatically covers a new car I buy without the need for immediate notification) but even if so, that’s all the more reason why the first statement is fraud.
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