The Nate thing: the most heinous crime is lying to investors, apparently


Setting yourself up as an online shopping middleman, adding another layer of awkwarness and profit extraction to as many transactions as possible? Business as usual.

Employing sweatshop workers in foreign countries, and not noticeably caring about their stress and mental fatigue as long as they keep making you money as cheaply as possible? Busienss as usual, in every industry where “offshoring” is an option.

Raising millions in investments based on dubious or outright farcical claims that you’ve developed magical sentient AI? Business as usual in the tech industry, at least until another investor buzzword replaces “AI” the way “AI” replaced “blockchain.”

Going out of business, leaving someone else holding the bag for millions in debts? Business as usual; some so-called “entrepreneurs” have done it repeatedly.

Lying about the work done in your foreign sweatshops, saying that it’s being done by magical sentient AI in order to attract that sweet, sweet tech investor money, and then going out of business, leaving those investors holding the bag? And getting caught? That’s fraud, apparently.

Via PC Gamer.

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