Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

On the All In podcast Chamath used a term 'Fraudulent Conveyance'. The idea is that if someone receives money from a fraudulent actor, the entity that received the money has to give it back. Madoff was mentioned somewhere in the comments and the story is that people that got funds out of the Madoff situation before it fell apart had to give the money back.

We will see how it goes this time, but I suspect a lot of the donations will need to come back to the entity.



Chamath is probably just as sly as SBF; Shy of committing fraud, he dumped horrid businesses on public via SPACs.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: