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[–] 30 points 2 years ago (4 children)

no one has ever been found guilty of failing to fulfill fiduciary duty

For as big a deal as is made of this by investment advisors and similar roles, this is shocking to read.

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  • [–] 6 points 2 years ago (3 children)

    That must be hyperbole, right?

    Like... The Enron guys at least, right?

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  • [–] 13 points 2 years ago*

    Madoff was straight up ponzi scheme fraud, not profit maximisation.

    Enron guys were fraudulently booking future possible revenues as certainties.

    Deliberate illegal misrepresentation is very different from making a (possibly) sub optimal business decision.

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