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Big capitalists are also &quot;deceived&quot; Generally speaking, in the entrepreneurial community in developing countries and regions, they want to find projects, seek financing, and seek development, which is just needed. Sometimes, when &lsquo;disease and rush to invest in medicine&rsquo;, there are many fake scientific and technological innovation projects, or most of them are unsuccessful. However, the United States, as a leader in technological innovation and a lighthouse country, has also appeared to be a bit of a surprise. Just in April, Charlie Jarvis, founder of Frank, a startup that works as a student loan application platform, was sued by the US Department of Justice. The reason is that she defrauded JPMorgan Chase, the largest bank in the United States, for $1.1 billion. Jarvis is a star entrepreneur in the United States. In 2019, she was also selected as Forbes&#39; &quot;30 under 30&quot;, which is the list of young entrepreneurs under 30. She does a website called Frank student loan application. Students pick their own loan options, just like visiting online stores. JPMorgan has a stake in Jarvis&#39; company and wants to buy it. Jarvis says his platform has 4.3 million users. Eventually, JPMorgan, valuing its 4.5 million users, agreed to buy Frank for $1.1 billion. After taking over, JPMorgan quickly discovered that the vast majority of marketing emails they sent to Frank users were returned. Only 1% of the successful sends showed read. Deep digging found that the platform, which is said to have 4.3 million users, only more than 200,000 real users, and the remaining 4 million user data, are all fake. In fact, entrepreneurs fake investors, which is no longer an example on Wall Street. Forbes magazine&#39;s list of future business leaders in recent years, it is already one of the best quality entrepreneurs in the list, but there have been many fake events. Bankerman, founder of cryptocurrency trading platform FTX, founded FTX in 2019 and was named in Forbes&rsquo; annual list of 30 most successful entrepreneurs under 30 in 2020. As a result, in 2022, FTX went bankrupt, Bankman was suspected of misappropriating tens of billions of dollars in client funds, and investors and lenders cheated, eventually being arrested and jailed for fraud. Milton, founder of new energy truck company Nikola, has &quot;released&quot; a series of hydrogen trucks that claim to be performance-killing Tesla since 2016. With the concept of &quot;hydrogen energy&quot;, the company quickly melted four rounds of capital, and went on the Nasdaq in 2020, with a market capitalization of $32 billion, higher than the market capitalization of the old Ford car. Milton himself also rushed into the top 200 of the world&#39;s richest. But the company was later dismantled, all models were fake, PPTs were PS, and the cars shown in the video were model cars. As for Milton, he was also convicted of three fraud charges and faces a maximum of 20 years in prison. The famous &#39;bad blood incident&#39; of previous years. Holmes, founder of the blood testing company Theranos, founded the company in 2003 and claims to have developed an automated device that can quickly detect cancer by taking a few drops of blood from a patient&#39;s finger. The concept of &ldquo;a drop of blood test for cancer&rdquo; was also particularly popular, having raised more than $700 million. In 2015, the company&rsquo;s valuation hit $10 billion, and Forbes named Holmes as the world&rsquo;s youngest female billionaire. In 2016, the technology began to be investigated, and it quickly proved that it was all fake! Last year, founder Holmes was sentenced to 11 years in prison for fraud. Think about it, these are strange things? Who are these institutions like JPMorgan Chase? That is the elite in the investment circle! The master of the hands! They are also fooled? In this regard, American investors are also setting the necessary protection measures for their investment. For example, set the buyback clause, the founder triggers the buyback clause, the investor has the right to take back his money through the buyback. For example, for gambling terms, investors will ask entrepreneurs to achieve a certain goal at the agreed time, if not completed, investors have the right to ask for compensation. For example, directly set anti-dilution clauses to ensure that their equity is not lost, etc. All of this also reminds the venture capital community in developing countries! Venture investment in innovative enterprises should be encouraged, and capital monitoring and protection measures should be provided. In order to better allocate and use limited funds, &quot;money 💰 should be used on the blade&quot;, try to avoid the occurrence of fake events.

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