ChipsSchneier on Securityabout 1 hour ago
Criminal Deception in Silicon Valley
1 min read
A study of Silicon Valley ventures prosecuted for fraud between 2000 and 2023 identifies three forms of façading: surface, reinforced, and deep. The framework shows how entrepreneurs construct, perform, and protect illusory appearances to mask underperformance. Proposed deterrents include SEC surveillance extension, whistleblower programs, and investor due diligence reform.
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