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·
      10 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·
        10 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.