You obviously have no knowledge about the finance sector, but interest rates are of course stated in % per year. That is why I multiplied your false and misleading 200% per month with 12.
I think you are wrong here. Just because something happened before doesn't mean it will happen again. I'm guessing the first month was 200% interest because not many people bought shares and deposited them to fun-casino. The next months will probably go down, as more people decide to invest. Take Monero (an altcoin) as an example - it went up over 100% in the past few days/week. Does that mean it will keep doubling every week? No. It is was, the price would be greater than bitcoin in no time.
Another example - yesterday, I took a loan of 5 LTC. Today, I repaid it ahead of time with 5.25 LTC. That is a 5% interest in one day, or 1800% interest in a year, if I kept taking those loans and repaying them the next day. Does that make me, or zarzab a criminal? No.
I do not know what will happen, but he allegedly paid an amount that corresponds to an interest rate of
2400% per year. And to compare interest rates, they are typically stated in % per year.
Fact is, we
know nothing. The only thing we know is that Clown-Casino committed the criminal offense of fraud with their false representation that they are in the process of requesting a license and will thereafter publicise legal information concerning the management company. Fundev already confirmed that this is a false and misleading statement.
We do not know how many people decide to invest.
Usury is indeed a criminal offense in many jurisdictions and yes, therefore the lender would be a criminal, but this is not really my theme. I fight against the false representations of criminal online gambling operators. But if a creditor demands a 5% interest rate per day, there is no false representation.
I do not think it makes much sense to compare an online casino with an altcoin exchange rate. Altcoin exchange rates can of course vary huge, but anonymous online casinos are typically running within a certain profitability frame.
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