• Pat_Riot@lemmy.today
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    11 days ago

    While I agree with the sentiment, I do not think that they are deserving of a cute name. It kinda detracts from the harm they cause.

    • skuzz@discuss.tchncs.de
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      10 days ago

      “Ponzi scheme” or “fraud” - as many are owned by skeezy shell corps.

      Example: One proposed in rural Colorado is owned by a fake corp where one guy is the entire board of directors, runs in the red, and receives millions of dollar “loans” with no loan terms from anonymous donors.