Something I don't understand is why don't any scammers ever go to prison? For example, people like Logan Paul have run multiple scams now and have had zero repercussions (except making loads of money off of naive people). Is scamming legal?
The difference between running a scam and running a failing business is just a matter of intent, which is hard to prove.
Perhaps in some cases but "running a failing business" becomes fraud when you start lying, even if your intentions are "good".
You have to prove they lied. I.e. that they knew they were defrauding customers, which goes to intent. Though I suppose it could be lying only later, in the cover up -- if Logan was stupid/lazy enough to trust dishonest people to build his game then deny or renege on refunds.
Regardless I imagine we'll find out soon as he sues CoffeeZilla since he may be countersued or be otherwise unmasked in discovery. CZ already has videos of Logan saying CZ is a stand up guy who does good reporting.
People like this ex CEO go to prison all the time. Stateside scammers misrepresenting why they’re getting their victim to wire things go to prison all the time.
In this case its not proven that anyone knows who the scammers are, or where they are. Its just as likely that they are pig butchering the bank account owners in those other countries too.
Now, Logan Paul? You have to also realize when some communities use the word scam far too liberally. Naive people losing money trying to flip something thats not an investment, and failing, doesn't make it a scam involving any legal sanction. Even if it was an investment, properly registered, that just protects the promoter even more.
That's true! People are calling an overpriced garbage dlc a scam nowadays, and that's just not true. It's exactly what it says on the label, so it's definitely not a scam, unless the marketing was very disingenuous.
But what Logan Paul did is not an example of that. It was not an investment that didn't pan out. It was an orchestrated pump and dumb scheme that was centered around a product, which he never delivered on.
You'd have grounds to argue if the game was delivered - but as it stands you cannot call that anything but a scam