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 hedge fund CEO may not exist — Investigation finds no record of identity after collapse causing an estimated $1.3 billion in customer losses
arstechnica.com
Crypto hedge fund CEO may not exist; probe finds no record of identity
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.
This is the real endgame for AI.
Right now, we actually have available at least a path for journalists to follow to find wrongdoing by corporations.
Just wait until a future is filled with corporate boards that are all made up aliases that don't represent who the ownership and leadership really is?
CEOs and the C-Suite have hidden behind customer service and the like for decades now, insulating themselves from ever having to hear a complaint from a customer. The CEOs don't give a damn about the call center customer service workers suffering abuse from angry customers because of the CEOs own shitty decisions.
The second they can get away with hiding themselves behind false personas, they fucking will and this kind of shit is proof.
Inb4: "But these people were clearly scammers and charlatans!"
I think you misspelled "capitalist."
The real fun is trying to track down who actually OWNS these companies. They hide their names behind shell companies and redacted filings.
I don't think being a capitalist requires being shady, nor that being some other economic system would stop some people being shady.
Some potential solutions: Governments could decide corporations must have actual named people in charge, ID by say passports or drivers licenses validated in person at an office to be issued an LLC or whatever.
People also do sometimes use brands or other company identifiers when deciding who to purchase from.
No, but capitalism is literally the only system built around rewarding greed, avarice, and shadyness. It literally incentivizes those things and people respond to it, sorry. It's a system that rewards the most vicious at the expense of the most kind.
I think the forced "this person is ultimately to be held accountable" would help a lot.
They can break it up if they want, based on company size in that country. Have responsible persons for departments and so on. But only in addition to the one at the top, so now they are jointly held accountable, each 50%, basically.
These people as you say need to be verified with ID and all, and on top of that need to have their finances registered as, like I said, they're responsible. If the company fucked it up, they fucked it up.
In the USA at least, that will never happen as long as corporate bribery is legal. They pay to get what they want.
You don't need AI to create a fake person. Scammers have been doing that for decades, or stealing people's identity. Even a video can be made with an actor.