this post was submitted on 24 Aug 2024
62 points (100.0% liked)

Buttcoin

375 readers
1 users here now

Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 11 months ago
MODERATORS
all 7 comments
sorted by: hot top controversial new old
[–] tiramichu@lemm.ee 16 points 2 months ago (3 children)

He didn't get jail time for falling for a scam, he got jail time for stealing people's money.

[–] bitofhope@awful.systems 7 points 2 months ago

Yes, but stealing people's money is just a normal banker crime. Falling for a scam should be more embarrassing. That's what they're supposed to make other people do.

[–] Bakkoda@sh.itjust.works 5 points 2 months ago

Nefarious Black hat hacker peoples dupe unsuspecting Bank CEO with elaborate crypto scam

[–] Alphane_Moon@lemmy.world 15 points 2 months ago (1 children)

Funny how low-level crooks get hammered hard when they get caught, but you never hear of big fish running more sophisticated schemes (like those American bank executives who ordered their unit to make fake client accounts without their permission to hit some KPI bonus) getting even a slap on wrist.

[–] Tinidril@midwest.social 5 points 2 months ago

It was Wells Fargo, and he was actually fired under threat from Congress led by Elizabeth Warren. The board replaced him with his chosen successor who had also been implicated and Congress actually stepped in again to force the replacement out. It would be nice to see them charged with something, but there is really no evidence that they actually broke the law themselves, they just created the massively over-competitive environment that made some desperate workers into criminals.

It's not the justice I would want, but "slap on the wrist" seems like an accurate description.

[–] Fontasia@feddit.nl 6 points 2 months ago

Reminds me of Samuel Israel who got scammed by a con artist out of an entire investment fund