Madoff pulled a ponzi scheme for years, despite multiple complaints filed by third parties to the SEC. At the end the 2008 crisis brought him down, his victims lost their money and the SEC just tagged the bodies it found.
Same goes for the crypto guy, did regulations stop him from defrauding billions and hurting thousands of victims?
Um, they can regulate finance. Ask Bernie Madoff and that crypto guy lol
Madoff pulled a ponzi scheme for years, despite multiple complaints filed by third parties to the SEC. At the end the 2008 crisis brought him down, his victims lost their money and the SEC just tagged the bodies it found.
Same goes for the crypto guy, did regulations stop him from defrauding billions and hurting thousands of victims?
Nonetheless Madoff was caught, convicted, sent to prison, and died there.
Regulations sure aren't perfect, but that doesn't mean they don't exist or have no effect.
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