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Donut Lab's miracle battery found to be a fraud, investigation claims (interestingengineering.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 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…

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  • [–] 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.

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  • [–] 2 points 3 months ago (1 child)

    Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia?

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  • [–] 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.

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