What FTC lmao, they’re a Finnish company registered in Estonia. Billionaires don’t get fast tracked court cases here. They’ll move to some other country long before anything happens.
Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that.
For debts it’s possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven.
Reading the article, the investigation isn’t a case of independent labs getting hold of the battery and definitively disproving Donut’s claims. It’s battery experts and researchers looking at the data Donut has released and saying, “these claims are extraordinary and the evidence doesn’t yet convince us. Here’s what we think the battery actually is.” That’s a very reasonable scientific position, especially when you’re talking about 400 Wh/kg, 5-minute charging, and 100,000 cycles all at once.
But without independently tested samples, there are still a lot of unknowns and inferences involved. That’s not to say the skeptics are wrong, but it’s still arguably a case of skeptics being skeptical… reasonably so, but based on analysis of the available evidence rather than direct examination of the battery itself.
That wouldn’t be unprecedented behavior in the battery industry. The mark ups on batteries can be huge and if they fail, unless the battery explodes, most people will just buy a new one. It’s difficult for one customer to see the difference between a defective battery and a battery that failed sooner than expected. It is the kind of industry that attracts con artists.
Wild. Did they really think they could just hype this up and release something like this and not get found out?
That’s how its done now thanks to assholes like this.
It’s worked for their channel so far.
Except they’ve misled investors, and that will get them into deep shit.
Because fuck consumers
Mislead consumers, FTC sleeps
Mislead investors…
What FTC lmao, they’re a Finnish company registered in Estonia. Billionaires don’t get fast tracked court cases here. They’ll move to some other country long before anything happens.
My mistake. I forgot other countries exist.
But yeah I dropped that key point I guess between finishing the article and commenting.
Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia?
Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that.
For debts it’s possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven.
Ftfy
Also they just need to make a little donation and I’m sure they will be pardoned.
Pardoned by whom? We don’t have presidential pardons in the countries they’re operating out of.
You only get in trouble if you mislead rich investors.
If you mislead poor investors, then that’s just business and they should have known better.
That’s why ~Everything is Securities Fraud~
Reading the article, the investigation isn’t a case of independent labs getting hold of the battery and definitively disproving Donut’s claims. It’s battery experts and researchers looking at the data Donut has released and saying, “these claims are extraordinary and the evidence doesn’t yet convince us. Here’s what we think the battery actually is.” That’s a very reasonable scientific position, especially when you’re talking about 400 Wh/kg, 5-minute charging, and 100,000 cycles all at once.
But without independently tested samples, there are still a lot of unknowns and inferences involved. That’s not to say the skeptics are wrong, but it’s still arguably a case of skeptics being skeptical… reasonably so, but based on analysis of the available evidence rather than direct examination of the battery itself.
I mean these days with all the hyped up scams all over social media including Lemmy… yeah?
That wouldn’t be unprecedented behavior in the battery industry. The mark ups on batteries can be huge and if they fail, unless the battery explodes, most people will just buy a new one. It’s difficult for one customer to see the difference between a defective battery and a battery that failed sooner than expected. It is the kind of industry that attracts con artists.
Investors are stupid enough if only everyone else didn’t tell them to be so dumb about this
No one thinks they’ll get caught.