Fraud Is No Longer A Crime

I've been hearing this, thought it was a joke, but no ...

I had been seeing the phrase “fraud is now legal” in various places, but I thought it was just hyperbole. Noticing this video late Saturday night, I decided to take a look. I have been through the bankruptcy of a public company that went right up to the pump & dump scam line in their dealings, so this is somewhat familiar territory.

This seems to be the root of what Patrick Boyle was mentioning in here.

Supreme Court limits power of SEC to unilaterally enforce financial fraud regulations

And here’s the Texas case that got Boyle so fired up.

Judge tosses DOJ suit against social media influencers in alleged pump-and-dump scheme

This just … no … not a good time to make it easier for fraudsters to rob people.

Court Narrows Scope of Federal Wire Fraud Statutes

But that’s what America has become. These are just the first wavelets of a coming tsunami of trouble, should this November go badly.