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Startup Fraud: Filed Under: Not Surprising

Startup Fraud: Filed Under: Not Surprising

angry-man

UPDATED: 3.11.2014 2:09PM* (below)

Let’s look at a pattern that is prevalent in The Sociopathic Business Model™, pathological lies that culminate in the form of public denials but fact based evidence over time eventually exposes the truth and damages the image they lie to protect.

CEOs or (Governmental official) operating as a corrupt kings who demands loyal subjects do as they’re told, even if illegal-especially if illegal or they risk hearing off with their heads!

All accomplices under this model eventually become victims:

So let’s look at a few examples where we’ve applied the characteristic of The Sociopathic Business Model™ accurately to predicted outcomes of recent events.

Governor Christie and the George Washington Bridge Scandal

(The Sociopathic Business Model ™ demonstrates Christie knew and likely orchestrated the bridge closure to retaliate against an opponent, his accomplices (top political aide and deputy chief of staff) did as they were told (even if illegal) fearful for their jobs.  

Governor Christie denied his or his staff’s involvement about the bridge closure (lie)

Fact based evidence shows that his top political aide and deputy chief of staff did know (caught in lie)

Governor Christie’s image was damaged by the exposure of the truth (facts threatened image)

Governor Christie manipulates the rights of others for his own gain and fires two of his people(manipulation)

Governor Christie still denies and said he “had no knowledge” of the scandal (lie)

Evidene exists that confirms that Governor Christie did know and his ‘loyal subjects’ try to protect him (lie)

  • Those still protecting him (accomplices) will become evental (victims).

Full timeline here

UPDATED: Ruh-Ro! Wonder how many Republican Senators will still be supporting the NSA after they found this out!  New Case Study Coming Soon!

Isolating just the pathological lies from The Sociopathic Business Model ™ shows a pattern for us to look for in other officials or CEO’s and remember the nemesis to this model is truth exposed causing damage to the image

Isolating just the pathological lies from The Sociopathic Business Model ™ shows a pattern for us to look for in other officials or CEO’s and remember the nemesis to this model is truth exposed causing damage to the image.

Pathological Cycle final

 

Mt. Gox CEO Mark Karpeles  and Investor Money Missing

Mark Karpeles said in a press conference he didn’t know where the investor’s money went (lie)

Mark Karpeles placed blame on ‘hackers,’ (lie)

Mark Karpele’s personal blog was ‘hacked by hackers’ (exposing truth confirming Karpeles lied)

The anonymous hackers leaked data allegedly proving that customer bitcoins are not lost after all and that some 951,116 BTC might still exist and Karpeles is still in control of them. (that’s about $5oo million in real people money).

Here’s my favorite part:

Not long after the leak, which might have come from disgruntled former Mt. Gox employees, individuals claiming to be Mt. Gox customers took to Twitter to say that they opened the zip file and were able to confirm their own account balances based on their user Mt. Gox IDs issued in their initial Mt. Gox registration email.

I love when the company spin is ‘disgruntled former employees,’ (placing blame again) but taking no accountability to the fact that the company stole from investors and left the employees unemployed (accomplices now become victims) left holding only the startup carrot wielded like a magic wand to get employees do as they’re told, even if illegal.

And how about we start calling the employees what they really are:  pissed off victims!

We will likely see much more startup fraud in the next few years.  The billion dollar blinders cause investors to overlook the CEOs true backgrounds and invest because someone they know someone previously did (Hello Bernie Madoff anyone?) We need to identify these criminals, well educated and well dressed which disarms employees and investors alike, which makes them even more dangerous; but, make no mistake, they are criminals and we need to start working towards removing them from the system and putting them into another system, one where they pick out the clothes for them.

 

5 Comments
  • toddbethell
    Reply

    Well said! Except for this part “they are criminals and we need to start working towards removing them from the system”.
    America already has more of it’s citizens “removed from the system” than any other country in the world. 86% having no victims according to
    http://www.libertariannews.org/2011/09/29/victimless-crime-constitutes-86-of-the-american-prison-population/
    Having once owned 22000 btc I am in the top 1% of victims. Three years ago my research into Mark and Jed found nothing that worried me. I don’t believe Bernie Madoff had any prior bad history either. Lets just slow down a bit on the calls more government intervention and criminalization. Bitcoin can either empower or prevent “The Sociopathic Business Model”, it depends on the customer. References, values, character and history are more important than ever.
    toddbethell

    March 11, 2014 at 2:04 am
      • toddbethell
        Reply

        Actually that link was referenced for the statistics, not their conclusion. Sorry, I did not make that clear. My politics are more Republitarian. You are right, destruction (or prevention)of wealth is not a victimless crime. However the vast majority of white collar crime are transaction disputes ranging from frivolous to serious. These things should be settled in the community, the market place or in the civil courts (if they weren’t so broken), not in the criminal courts.

        March 12, 2014 at 2:25 am
  • DECEPTION ▲ MANIPULATION ▲ EXPLOITATION

    March 11, 2014 at 9:36 am

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