Pastor Got His Crypto Scam Audited
Also private market restrictions, shell companies, North Korean crypto hacking and workplace excellence.
Often, if you are marketing an investment, it helps to have your thing validated by some trusted third party. If you’ve got a company and you want investors, it’s good to send them financial statements that have been audited by a well-known accounting firm. If you’re selling bonds, it’s good to have a high credit rating from a recognized ratings firm. If you’re a software company, it is good to have a security audit from a reputable firm.
If you are running a scam, all of this is also true, maybe even more so: If you’re selling a fake thing, it is very helpful for you to say “this thing has been certified by a trusted third party.” But of course that is hard, because the reason the trusted third parties are trusted is because they are in the business of not certifying scams, so they are unlikely to certify you.