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A comment on Founder of crypto lender Celsius Network arrested, charged with fraud. Parent comment

Re:Founder of crypto lender Celsius Network arrested, charge... by deepsquirrelnet on Thursday July 13, 2023 @12:57PM (#36712367)
Notoriously weak prosecution of white collar crime makes more people willing to take risks. I’m not sure it’s any more complicated than that.

If you’re going to commit small scale fraud, you might as well commit large scale fraud, because on face, it seems less risky.

[ Parent | on HN ]
Re:Founder of crypto lender Celsius Network arrested, charge... by JumpCrisscross on Thursday July 13, 2023 @01:47PM (#36713200)
> Notoriously weak prosecution of white collar crime makes more people willing to take risks

This is more a perceptions problem in Silicon Valley. Every fraud announcement is followed by hand wringing around the lack of prosecution. Every prosecution, convictions. Every conviction, sentencing.

[ Parent | on HN ]