In my mind, Stuart Fraser and Josh Garza are lower scum than telemarketers, lower than email scammers (hey, they even use the email scammer's drop mail address!)... Josh Garza and Stuart Fraser should both spend YEARS in jail for what they've done. I'd love to see Stuart Fraser highlighted in the USA Money Section as they guy who backed the biggest idiot in crypto... a bigger idiot than the guy who setup SilkRoad2...
Have you read those leaked emails? Fraser is a mark. He's a super mark. He should have his own Funky Bunch he's such a mark.
Yes, he's financially unsophisticated and way too trusting, but he was stonewalled every time he tried to get any information about the business in which he invested.
About the only time he stood his ground was when he wouldn't forgive the $200K real estate note in exchange for equity in a company that ended up being worthless by the time Garza was through embezzling funds. Everything else he did was basically hands-off silent investor stuff. There were a couple of times he used Garza/GAW to funnel funds to hide from his wife, but he didn't really do anything wrong except not be persistent enough about financial statements. He gave up too easily and trusted too much.
He's one of the many characters fleshed out in that email dump. He doesn't have the depth and narrative that Garza has, but even the bit players are pretty complete. That's what makes this such a good story. Josh Garza, Carlos Garza, Capuano, Mordica, Pease, Rami, Fraser, that Cryptsy CTO, Juliette, Jessica Garza, and so on. They're all fleshed out and have some depth.
The bad actors were the inner circle (Garza, Capuano, Mordica, etc.). Capuano came clean, but none of the others have. Other than Capuano, these stories are still going on.
This is seriously like a really good novel that's really, really long.