HyperVerse hedge fund CEO may not exist — Investigation finds no record of identity after collapse causing an estimated $1.3 billion in customer losses::HyperVerse’s collapse caused an estimated $1.3 billion in customer losses.

  • abhibeckert@lemmy.world
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    10 months ago

    It’s not just stock holders. I wouldn’t even hire an employee if I was criminally liable for things they do.

    Say I run a restaurant and my wait staff are photographing credit cards and selling them… that’s not my fault, nothing really I can do to prevent it.

    LLCs are essential.

    • Steve@communick.news
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      10 months ago

      Yet people managed to run restaurant’s, and all manor of other businesses before 1977!
      (1977 is when the LLC classification was first created in Wyoming)