What Is Fraud?

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Fraud is essentially just a scheme in which you lie, i and you profit. The feds get involved as soon as it touches the internet or interstate wire. If you have inside information confidentially but then try to profit off of it, you could get busted.

Timestamps:

(00:00:00) Intro
(00:01:01) Meme of The Week
(00:02:23) Apple vs Startups
(00:04:43) Apple's PassKey
(00:05:56) Apple's Car Play
(00:06:53) Buy-Now-Pay-Later (BNPL)
(00:18:39) Classic Clip: Michael Saylor on iPhone
(00:21:31) Apple vs Android
(00:34:25) Post-Payment Installment Splits vs Buy-Now-Pay-Later
(00:42:25) Interview with Jon Wu, Head of Growth at Aztec Network
(00:44:58) Why Nate Chastain Was Arrested
(00:47:02) Wire Fraud Deep Dive
(00:53:17) What Extent Do Federal Prosecutors Get Involved
(00:57:36) Other Crypto/Digital Cases
(01:01:19) Is A 40-Year Sentence Reasonable?
(01:03:53) Implications of Money Laundering Using Crypto
(01:07:10) Would Nate have been prosecuted if he built OpenSea himself?
(01:08:34) Jon's Hat
(01:09:24) Elizabeth Holmes interviewed Jon to be CFO of Theranos

Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology, and memes.

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