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I dont know. Pre-Trump that is NOT what used to happen in these cases. Defrauding your investors used to actually land rich people in jail.
But it's not investor fraud if it actually makes the company money and is at least somewhat in the gray area.
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I true scam company is one that was never intended to make a profit but just steal investor money.
Many if not most scam companies scam the consumer, which is indistinguishable from profiting off a consumer. There are also many “legitimate” tech companies that don’t make any profit, but balloon their valuation all the way to an IPO or SPAC and then profit off public investors. So your definition still can’t distinguish between “real” companies and scam companies
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He also ran a series of now-defunct scam dating sites with fake profiles around 2010-2015, and has been quite consistent at only operating scam businesses in the past 15 years. I know nothing about the people who hand over money to this guy, and I hope to keep it that way.
What is a "scam dating site"? A site where AI-driven profiles you contact with, phish or socially-engineer your money out of you? That probably couldn't happen in 2015 let alone 2010, AI tech wasn't yet there. If you mean just a "dating site where all female profiles are fake, generated by site itself", then well, it's just called a "dating site". Whole dating sites industry - with hundreds if not thousands of compan…
Until Match bought the industry it was pretty much impossible to launch a dating site with profiles. The industry standard was to post fakes. Real users would then receive stock responses to keep them around until real people showed up. No AI needed. Just a bag of standard emails. Guys are incredibly dumb and ego driven. It’s very easy to get them to think a beautiful stranger is into them.