▲ 742 ▼ Donut Lab's miracle battery found to be a fraud, investigation claims (interestingengineering.com) submitted 3 months ago by Some_Emo_Chick@lemmy.world to c/technology@lemmy.world 112 comments fedilink hide all child comments
[–] gdog05@lemmy.world 63 points 3 months ago (9 children) It's worked for their channel so far. permalink fedilink source parent hideshow 9 child comments replies: [–] cannedtuna@lemmy.world 58 points 3 months ago* (last edited 3 months ago) (8 children) Except they’ve misled investors, and that will get them into deep shit. Because fuck consumers Mislead consumers, FTC sleeps Mislead investors… permalink fedilink source parent hideshow 8 child comments replies: [–] boonhet@sopuli.xyz 30 points 3 months ago (3 children) What FTC lmao, they're a Finnish company registered in Estonia. Billionaires don't get fast tracked court cases here. They'll move to some other country long before anything happens. permalink fedilink source parent hideshow 3 child comments replies: [–] cannedtuna@lemmy.world 9 points 3 months ago My mistake. I forgot other countries exist. But yeah I dropped that key point I guess between finishing the article and commenting. permalink fedilink source parent [–] jaybone@lemmy.zip 2 points 3 months ago (1 child) Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia? permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 4 points 3 months ago Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that. For debts it's possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven. permalink fedilink source parent [–] Frozengyro@lemmy.world 11 points 3 months ago (1 child) Ftfy Because fuck consumers Mislead consumers, FTC sleeps Mislead investors… Also they just need to make a little donation and I'm sure they will be pardoned. permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 11 points 3 months ago Pardoned by whom? We don't have presidential pardons in the countries they're operating out of. permalink fedilink source parent [–] Blackmist@feddit.uk 6 points 3 months ago You only get in trouble if you mislead rich investors. If you mislead poor investors, then that's just business and they should have known better. permalink fedilink source parent [–] RustyEarthfire@lemmy.world 3 points 3 months ago That's why Everything is Securities Fraud permalink fedilink source parent
[–] cannedtuna@lemmy.world 58 points 3 months ago* (last edited 3 months ago) (8 children) Except they’ve misled investors, and that will get them into deep shit. Because fuck consumers Mislead consumers, FTC sleeps Mislead investors… permalink fedilink source parent hideshow 8 child comments replies: [–] boonhet@sopuli.xyz 30 points 3 months ago (3 children) What FTC lmao, they're a Finnish company registered in Estonia. Billionaires don't get fast tracked court cases here. They'll move to some other country long before anything happens. permalink fedilink source parent hideshow 3 child comments replies: [–] cannedtuna@lemmy.world 9 points 3 months ago My mistake. I forgot other countries exist. But yeah I dropped that key point I guess between finishing the article and commenting. permalink fedilink source parent [–] jaybone@lemmy.zip 2 points 3 months ago (1 child) Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia? permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 4 points 3 months ago Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that. For debts it's possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven. permalink fedilink source parent [–] Frozengyro@lemmy.world 11 points 3 months ago (1 child) Ftfy Because fuck consumers Mislead consumers, FTC sleeps Mislead investors… Also they just need to make a little donation and I'm sure they will be pardoned. permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 11 points 3 months ago Pardoned by whom? We don't have presidential pardons in the countries they're operating out of. permalink fedilink source parent [–] Blackmist@feddit.uk 6 points 3 months ago You only get in trouble if you mislead rich investors. If you mislead poor investors, then that's just business and they should have known better. permalink fedilink source parent [–] RustyEarthfire@lemmy.world 3 points 3 months ago That's why Everything is Securities Fraud permalink fedilink source parent
[–] boonhet@sopuli.xyz 30 points 3 months ago (3 children) What FTC lmao, they're a Finnish company registered in Estonia. Billionaires don't get fast tracked court cases here. They'll move to some other country long before anything happens. permalink fedilink source parent hideshow 3 child comments replies: [–] cannedtuna@lemmy.world 9 points 3 months ago My mistake. I forgot other countries exist. But yeah I dropped that key point I guess between finishing the article and commenting. permalink fedilink source parent [–] jaybone@lemmy.zip 2 points 3 months ago (1 child) Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia? permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 4 points 3 months ago Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that. For debts it's possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven. permalink fedilink source parent
[–] cannedtuna@lemmy.world 9 points 3 months ago My mistake. I forgot other countries exist. But yeah I dropped that key point I guess between finishing the article and commenting. permalink fedilink source parent
[–] jaybone@lemmy.zip 2 points 3 months ago (1 child) Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia? permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 4 points 3 months ago Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that. For debts it's possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven. permalink fedilink source parent
[–] boonhet@sopuli.xyz 4 points 3 months ago Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that. For debts it's possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven. permalink fedilink source parent
[–] Frozengyro@lemmy.world 11 points 3 months ago (1 child) Ftfy Because fuck consumers Mislead consumers, FTC sleeps Mislead investors… Also they just need to make a little donation and I'm sure they will be pardoned. permalink fedilink source parent hideshow 1 child comment replies: [–] boonhet@sopuli.xyz 11 points 3 months ago Pardoned by whom? We don't have presidential pardons in the countries they're operating out of. permalink fedilink source parent
[–] boonhet@sopuli.xyz 11 points 3 months ago Pardoned by whom? We don't have presidential pardons in the countries they're operating out of. permalink fedilink source parent
[–] Blackmist@feddit.uk 6 points 3 months ago You only get in trouble if you mislead rich investors. If you mislead poor investors, then that's just business and they should have known better. permalink fedilink source parent
[–] RustyEarthfire@lemmy.world 3 points 3 months ago That's why Everything is Securities Fraud permalink fedilink source parent