News for hackers. Stuff that matters.
Re:Elizabeth Holmes is on trial for fraud, but don't forget ... by AussieWog93 on Friday October 22, 2021 @08:16AM (#28956320)
>Their own greed and incompetency to listen to experts put them in that position.

You could say the same thing about any fraud victims, especially love scams[1].

[1]"Police statistics show more than 75 per cent of people caught up in online romance scams refuse to believe they're being ripped off." https://www.abc.net.au/radio/programs/am/online-love-fraud-v...

Re:Elizabeth Holmes is on trial for fraud, but don't forget ... by em-bee on Friday October 22, 2021 @08:32AM (#28956457)
that's not the same thing. VCs are professional experienced investors and they failed doing their job.

someone falling for a romance scam is simply inexperienced in that matter, and should not be expected to know better

Re:Elizabeth Holmes is on trial for fraud, but don't forget ... by LudwigNagasena on Friday October 22, 2021 @08:48AM (#28956578)
This is literally victim-blaming. Someone who walks alone at a bad neighborhood should have known better, it doesn’t make them less of a victim if they get mugged or raped.
Re:Elizabeth Holmes is on trial for fraud, but don't forget ... by em-bee on Friday October 22, 2021 @10:00AM (#28957273)
i am not saying that VCs are not victims, but that there is a difference between a victim that should have known better and one that should not be expected to know better.

there is also a big difference between loosing your life savings and a failed investment, given that the majority of investments fail anyways.

Re:Elizabeth Holmes is on trial for fraud, but don't forget ... by AussieWog93 on Friday October 22, 2021 @08:43AM (#28956542)
>someone falling for a romance scam is simply inexperienced in that matter, and should not be expected to know better

People that fall for romance scams tend to be older and significantly more experienced (in terms of life and love) than people who don't. They also continue with the relationship even when friends, family and eventually law enforcement sit down with them and show them that it's a scam.

I think many of these scams really highlight our innate desire to fool ourselves, especially when we are desperate and hopeful.

Re:Elizabeth Holmes is on trial for fraud, but don't forget ... by em-bee on Friday October 22, 2021 @09:52AM (#28957184)
older and significantly more experienced (in terms of life and love)

i doubt that older people are more experienced.

being married for a decade or two does nothing to prepare you for an online relationship.

older people likely never had an online relationship before and also weren't switching partners as often when they were young as people nowadays tend to. if they were they should have less trouble finding a new partner.

they are falling for online relationships precisely because they don't know how to find a partner otherwise.

but that isn't even the issue.

i don't know if i could tell the difference between a genuine relationship and a well executed pretender. not meeting in person makes it really hard to verify the claims being made.

what is puzzling is why someone would give up their life savings for someone they haven't even meet yet in person.

some expensive gifts for a few thousand dollars, sure, but all i have? that's something i'd bring into a marriage and only use if it is really needed. but then, i am a skeptic by nature.