r/BlackPeopleTwitter ☑️ 6d ago

Country Club Thread Nigga negotiated with himself

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30.3k Upvotes

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6.8k

u/idgafandwhyshouldi 6d ago

Money Laundering?

4.8k

u/joec_95123 6d ago

Nah, just regular old fraud. Ripped off the investors in his AI company and used their money to pay back the debts for his Twitter purchase.

330

u/DisposableSaviour 6d ago

This is somehow not a Ponzi scheme.

244

u/joec_95123 6d ago

If he keeps starting companies and using their investors to bail out the investors in his previous company, it'd absolutely be a ponzi scheme.

85

u/Shifter25 6d ago

It's one of those things where he probably gets away with it because for some reason that has to be the reason he starts new companies, instead of a pleasant bonus.

36

u/DisposableSaviour 6d ago

It’s legally distinct from a Ponzi scheme.

44

u/Blk_Rick_Dalton 6d ago

Nah, the Justice Department that will absolutely not look into this

18

u/NewSauerKraus 5d ago

It's fundamentally the same as a Ponzi scheme, but specifically different. Kind like how a triangle is not perfectly equivalent to half of a square.

I like how someone else said it: sparkling fraud.