this post was submitted on 29 Nov 2023
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Can they not sue on a case like this?
And get what money? The money’s spent, it’s gone, and the directors not getting another big payday like this ever again. They can spend $10k on lawyers to get the $216 in his checking account.
Article says it's in arbitration so it's not like they aren't doing anything about it. And one can assume they're still paying their lawyers quite a bit during the arbitration. Also the person can be forced to sell off assets to pay for damages.
Also at the end of the article it says he pulled out 27 million he made in doge coin from 4 million he invested of Netflix's money.
Dudes rock
The article says it's in arbitration which is basically the same thing, sans an actual court.
Maybe they have insurance over the project and can recover some of the money. The company I work for sell this kind of insurance, but is usually for construction projects.