this post was submitted on 09 Jun 2026
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[–] cannedtuna@lemmy.world 54 points 1 day ago* (last edited 22 hours ago) (4 children)

Except they’ve misled investors, and that will get them into deep shit.

Because fuck consumers

Mislead consumers, FTC sleeps

Mislead investors…

[–] boonhet@sopuli.xyz 28 points 22 hours ago (2 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.

[–] cannedtuna@lemmy.world 9 points 22 hours ago

My mistake. I forgot other countries exist.

But yeah I dropped that key point I guess between finishing the article and commenting.

[–] jaybone@lemmy.zip 2 points 21 hours ago (1 children)

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

[–] boonhet@sopuli.xyz 4 points 19 hours 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.

[–] RustyEarthfire@lemmy.world 3 points 15 hours ago

That's why ~Everything is Securities Fraud~

[–] Blackmist@feddit.uk 5 points 18 hours 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.

[–] Frozengyro@lemmy.world 11 points 1 day ago (1 children)

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.

[–] boonhet@sopuli.xyz 11 points 22 hours ago

Pardoned by whom? We don't have presidential pardons in the countries they're operating out of.