Comment on LARP – Revenue infrastructure for serious foundersparentComments−weego2moI'm confused how circulating legal tender between 2 parties could be cooking books or fraud. Each party can absolutely claim they made money from the transaction. The fact they lost money in a different transaction is a separate concern.−Spooky232moRather than claim that they passed money around to make money, a nice income statement demonstrates that they made money.Cooking up fake transactions to make an investor think there is business happening is the definition of fraud.−thewileyone2moGross Revenue is sometimes passed off as Revenue in reports, until you examine the fine print.
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I'm confused how circulating legal tender between 2 parties could be cooking books or fraud. Each party can absolutely claim they made money from the transaction. The fact they lost money in a different transaction is a separate concern.
Rather than claim that they passed money around to make money, a nice income statement demonstrates that they made money.
Cooking up fake transactions to make an investor think there is business happening is the definition of fraud.
Gross Revenue is sometimes passed off as Revenue in reports, until you examine the fine print.