I thought there was a law against taking money selling a product, and then spend... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		jeffdavis on Aug 29, 2016 \| parent \| context \| favorite \| on: The Fall of a High-End Wine Scammer I thought there was a law against taking money selling a product, and then spending it on something else and having no money left to fill the order. Is that true?

JumpCrisscross on Aug 29, 2016 [–]

No, because then using pre sales or deposits for operating expenses would be illegal. Fraud is generally based on intent in addition to outcomes.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact