Monday, March 20, 2023

Fraudfest

Fraud news abound these days. Whether hedge funds exposing billion-dollar conglomerates or crypto project's own undoing, the scams and schemes are too nefarious for my naive mind. I always believe that people are inherently good and when conflicted, that they will choose to be good because of the social systems that govern. If the reason for upending moral and ethical values is survival, I can understand. If the goal is for the common good, I will probably sympathize. If the motive is not selfish or greed, I am willing to listen or argue. No one is infallible. That is why the law provides for exempting and mitigating circumstances. But if the intention is to get ahead at the expense of others, or to flex one's superiority over another, or to amass excessive wealth by luring and duping the less fortunate, how can authorities turn a blind eye? Are they not complicit by doing so? Makes me wonder, "who is the real fraudster?" and "who is defrauding who?"

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