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A comment on Why can a scam company raise $40 Million Series C + $76 Million Series B?. Parent comment

Re:Why can a scam company raise $40 Million Series C + $76 M... by rtb on Friday September 27, 2013 @04:04AM (#6455865)
Exactly - it's a scam and if it gets enough traction hopefully it will be explicitly illegal soon (v.s. just arguably illegal via general anti fraud statutes).

See the <a href="https://news.ycombinator.com/item?id=6455718">comment</a> from "Semaphor" below; this type of scam is already explicitly illegal in Germany.

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