• Knock_Knock_Lemmy_In@lemmy.world
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      5 months ago

      Madoff was straight up ponzi scheme fraud, not profit maximisation.

      Enron guys were fraudulently booking future possible revenues as certainties.

      Deliberate illegal misrepresentation is very different from making a (possibly) sub optimal business decision.

    • MagicShel@programming.dev
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      5 months ago

      A quick search suggests Enron and Bernie Madoff are a couple of examples of conviction, but maybe there are nuances I’m not familiar with.

      • Empricorn
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        5 months ago

        Those… are examples of straight-up fraud. Of course that’s illegal.