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Old 10-13-2009, 12:04 PM  
DaddyHalbucks
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Join Date: Feb 2004
Location: Las Vegas, Nevada USA
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Quote:
Originally Posted by Pleasurepays View Post
I wonder how many counts of fraud or what other crimes this would include?

Advertising has some pretty intense laws to protect consumers in the US.

I wonder how it would be viewed by the FTC and any states Attorney Generals Office if... say a mainstream, brick and mortar company created a fake persona, that went on tv and broadcast misleading and outrageous claims as to how much money he was making with a new product and it was all not real?

Jail time? Fines? Both? What about those representatives who actually planned it out, set it up and participated to make it happen? Also guilty? Co conspirators?

I've noticed over the same industry (and some of the same people in this thread) that bitch non stop about fraud and theft and dishonest practices can't stop itself from embracing those who perpetrate these same crimes... yet wonder why they continue.

For public companies, it might also involve the SEC. When people get on boards and ballyhoo worthless stock, I think it is called "Pump and Dump."
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