[HN Gopher] A baby-faced CEO turned a Farmville clone into a Pon...
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       A baby-faced CEO turned a Farmville clone into a Ponzi scheme
        
       Author : gmays
       Score  : 37 points
       Date   : 2021-07-22 17:41 UTC (5 hours ago)
        
 (HTM) web link (restofworld.org)
 (TXT) w3m dump (restofworld.org)
        
       | 908087 wrote:
       | Sounds like the kind of story I'd expect to find behind Tether's
       | "international commercial paper".
        
       | legerdemain wrote:
       | I'm surprised more business leaders don't run off with the
       | company's money as soon as it takes off. This is basically how
       | business worked during the "privatisation" phase in my post-
       | Communist country: businesses getting set up to provide goods and
       | services, only to collapse within months when the leadership runs
       | away to Central America. After all, it's only rational if you can
       | do it with impunity, and I doubt more money after the first
       | $50-80 million really makes much difference. I'm honestly
       | surprised this isn't the story of private enterprise everywhere.
       | Growing up, basically all we dreamed of was to make a lot of
       | money on some hustle and then run off to Rio de Janeiro to a life
       | of luxury. Isn't this basically FIRE, which so many users here
       | dream of?
        
         | [deleted]
        
         | paulddraper wrote:
         | From the movies, you'd think the world is full of people
         | willing to kill for $2m.
         | 
         | And maybe there are but none of them are business execs.
         | 'Cause, yeah, seems super easy.
        
         | FredPret wrote:
         | Because if one keeps it going, one lives with pride, knowing
         | something useful was created.
         | 
         | In the other scenario, one has to live life looking over one's
         | shoulder, knowing deep down that one is a lying, cheating sack
         | of shit.
        
         | JCharante wrote:
         | Not being able to travel without being extradited seems like a
         | pretty big downside of embezzleFIRE
        
           | legerdemain wrote:
           | I see. I guess my home country doesn't have a lot of
           | diplomatic ties to the havens that our business elite escape
           | to, because we ain't extradite jack-diddly-squat.
        
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       (page generated 2021-07-22 23:03 UTC)