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Items tagged with: fraud
RE: mastodon.social/@iiradned/1157…
"I'm not trying to say that new technologies never raise gnarly new legal questions, but what I am saying is that a lot of the time, the "new legal challenges" raised by technology are somewhere between 95-100% bullshit" - @pluralistic
I keep saying: Strip away the digital layers & nobody in their right mind would accept any of this. But breaking the law with an app is somehow different - you can steal, lie, hurt, spy, exploit, anything you want, regardless of legality.
Techbros dressing old scams in fancy new tech clothes in order to get away with their griftFederal Wallet Inspectors @pluralistic
pluralistic.net/2025/12/13/unc…
"At precisely 4:00 PM Eastern Time on November 19, 2025, Nvidia Corporation released third-quarter earnings that exceeded Wall Street expectations. Revenue reached $57.01 billion against a consensus estimate of $54.9 billion. Earnings per share came in at $1.30 versus the anticipated $1.26. The stock surged 5% in after-hours trading, adding approximately $130 billion to the company’s market capitalization.
Eighteen hours later, the Nasdaq Composite closed down 1.21%. Nvidia’s gains evaporated. Bitcoin, which had briefly rallied, fell 2.07% to $89,567. What happened in those 18 hours represents something unprecedented in financial markets: algorithmic trading systems detected accounting irregularities faster than human analysts could read the earnings footnotes.
This is the story of that detection, the fraud it uncovered, and the systemic collapse now unfolding in real time."
substack.com/inbox/post/179453…?
#AI #GenerativeAI #Nvidia #Fraud #AccountingFraud #ATS #Algorithms #WallStreet #StockMarket
The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme
On November 20, 2025, trading algorithms identified what may become the largest accounting fraud in technology history—not in months or years, but in 18 hours.substack.com
