cedars the third (@cedars_the_two) profile picture
Joined September 2011
Photo by cedars the third (@cedars_the_two)
It may "only" be a 80m hole 🙂 but for 6000 extremely grateful new customers and the gratitude and goodwill of the entire sector, and the public as whole, it may be good business.
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It's about restitution. Not punishment. Make us whole and all is forgiven @dschatt
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Had to Google it, "C-suite refers to the executive-level managers within a company ... include chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO)." Entire CRED c-suite on the hook for PERSONAL LIABILITY
Replying to @mikemichelin
"An announcement was made to Cred employees in Oct, but the c-suite was aware of the incident in Aug. From when the fraud was discovered in Aug to notifying the team, Schatt reminded employees that they should continue to add more clients to offset the loss in assets."
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It either shows Schatt's dishonesty or JP's dishonesty or both. There is no scenario where they both honest.
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Cred disclosed all financial difficulties to potential institutional investors in August, but concealed it from private investors until 27 October! After August, Cred pushed hard for MORE loans from private creditors - increasing rates to 13% - while hiding the truth. #robbery
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Leverage your genius and turn this ship around
Replying to @Mashinsky
@Mashinsky Any chance of stepping in as a trustee to help fixing the mess created by @ihaveCred and save the face of the crypto industry? After all, it may represent a good business opportunity and it would greatly benefit your company brand.
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