Founder sentenced to seven years in prison for fraudulent sale to JPMorgan

Post by throwaway2037 » Wed, Oct 01, 2025, 1:18 PM UTC

irjustin wrote: post #290

throwaway2037 wrote: post #259

Earlier quoted context omitted.

This is a good question. I did Googling. Here is what I found: From the US Federal Bureau of Prisons: https://www.bop.gov/about/facilities/federal_prisons.jsp > Minimum security institutions, also known as Federal Prison Camps (FPCs), have dormitory housing, a relatively low staff-to-inmate ratio, and limited or no perimeter fencing. These institutions are work- and program-oriented. The Elizabeth Holmes Wiki page sa…

Jeez that place looks better than so many schools even vacation homes. Something's really wrong with this picture.

Post by postexitus » Wed, Oct 01, 2025, 1:31 PM UTC

franktankbank wrote: post #300

KnuthIsGod wrote: post #279

"In 2022, JPMorgan filed a lawsuit for fraud, claiming that the data reported by Frank was largely a fabrication and alleged that Javice paid a data science professor $18,000 for a list of more than four million fake student names to convince JPMorgan to purchase Frank."

How do you pay that much money to get synthetic data? What a racket. I wonder if the professor feels shame for their complicity here.

Post by quickthrowman » Wed, Oct 01, 2025, 1:39 PM UTC

brandall10 wrote: post #150

wat10000 wrote: post #137

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Funny how that has the exact same shape as a typical scam targeted at individuals. They usually rely on creating a sense of urgency and the sense that you could blow the whole thing if you aren't careful. A warrant scam will tell you that they need payment (in gift cards, of course) right now or you're going to jail, and likewise if you hang up or tell anyone what's going on (and thus might have someone tell you that…

Of course, but this is basic human psychology when power asymmetry is at play. Frank "held the cards" in this deal, so to speak, and was helmed by a CEO that demonstrated sociopathic tendencies willing to do whatever it took. You can of course hold to a particular standard, but if a competitor is willing to relax that standard, you lose a distinct advantage.

Post by DonHopkins » Wed, Oct 01, 2025, 1:39 PM UTC

throwaway2037 wrote: post #312

amelius wrote: post #287

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Does the dormitory housing have internet? If yes, I wouldn't even mind sitting there for a while. Might even start a new company with so much time on my hands.

Google AI tells me: > No Internet Access: Inmates are strictly prohibited from accessing the internet. Honestly, I think it would be great to allow inmates to use the Internet for studying and building relevant job skills.

Post by kstrauser » Wed, Oct 01, 2025, 1:50 PM UTC

kstrauser wrote: post #244

bruce511 wrote: post #213

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A variation on this would work, but alas we don't have the math tools as yet. The idea (not mine) is that you can think of data as "very large numbers". So a 4096 bit number is just a big number. Well, we have a short way to generate big numbers. x^y. So given a big number (say 800 000 bits) we could generate a (Hopefully short) expression of the form a^b + (or minus) c^d + ... etc. Unfortunately the "factorizing" (a…

It would not work for arbitrary inputs. See the pigeonhole principal: you can’t represent all possible n-bit values with fewer than n bits, because otherwise you’d have at least one case where multiple input values map to the same output value. On decompression, which one do you go with? And if that’s not convincing, then consider that any perfect compression scheme would be able to compress its own output even small…