Only if they act illegally or irresponsibly, right? Otherwise only assets of the... | Hacker News

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		justinhj on Oct 2, 2009 \| parent \| context \| favorite \| on: Fundable comes to an ugly end Only if they act illegally or irresponsibly, right? Otherwise only assets of the corporation are at risk.

billclerico on Oct 2, 2009 [–]

holding customer funds without complying with banking laws is a federal crime - making them liable personally

justinhj on Oct 2, 2009 | [–]

you should tell paypal about that

billclerico on Oct 2, 2009 | | [–]

paypal is a registered bank

justinhj on Oct 3, 2009 | | [–]

Not in the US it isn't.

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