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A comment on Notes on ConstitutionDAO. Parent comment

Re:Notes on ConstitutionDAO by SuchAnonMuchWow on Friday November 19, 2021 @03:31AM (#29275030)
> > "... and the raise itself would be very exclusionary."

> If you mean "open to accredited investors" well, I'm ok with that.

How dare you. Drug lords and ransomware writers have as much rights to buy the US constitution as everybody else. It's their hard-earned money, they should be able to use it however they want. /s

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Re:Notes on ConstitutionDAO by disruptalot on Friday November 19, 2021 @03:46AM (#29275119)
Can you explain the history of accredit investor laws and how they were designed to keep out criminals? I thought they kept out retail, i.e. the less wealthy.

Criminals are traditionally the opposite and have "legitimate" funds that they have washed through and through using the existing financial system.

[ Parent | on HN ]
Re:Notes on ConstitutionDAO by arcticbull on Friday November 19, 2021 @03:16PM (#29281805)
Well the OFAC list and AML/KYC laws do that. Accredited investor laws are to stop poor people from getting rekt by snake oil salesmen which led to the Great Depression.
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