Reply to post: Re: Earned A Precarious Living By Taking In Each Others Laundry

OneCoin lawyer trial kicks off in NY as cryptocurrency founder remains on the lam

Michael Wojcik Silver badge

Re: Earned A Precarious Living By Taking In Each Others Laundry

Except it's not a simple as that.

Right. In frauds like these, typically many of the victims are people who are not financially literate, and who have very few opportunities to leverage a small amount of capital. They may have only one opportunity in their lifetime to invest in the hope of moving from an existence of chronic or constant financial peril to one of minor comforts and a degree of financial security. That's not "greed"; it's survival.

But of course snap judgements are a staple of the omniscient Reg commentariat.

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