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spodek

Once the price got too low, the bottom guy could have

blackmailed the guy above

to blackmail the guy above

to blackmail the guy to make more money.

(was that too many levels?)

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Blackmail is hard. Each one in the chain, decided to defraud the earlier one, because it was easier. The target pretended to go along, but as an already wealthy businessman, neither blackmail nor fraud would be appealing.

Let the whole chain go to jail, though, and the target gets to sleep better at night.

Blackmailing a hitman might not be the best idea.

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