HyperVerse's collapse caused an estimated $1.3 billion in customer losses.

Now that is how you run a proper scam.

Take notes, kids!

    • Illecors@lemmy.cafeOPMEnglish
      0·
      6 months ago

      CEO? No, I think the officer part requires a human being. But legal entities can own other legal entities. Not sure how deep one can make the rabbit hole go, though.

      • Overzeetop@sopuli.xyzEnglish
        0·
        6 months ago

        This is why (well, one reason) we need corporate taxes to be gross receipts. Layers of shell companies would still be legal, but every layer re-applies tax to every dollar transferred between entities. Want corporate protections? Pay for every layer.