@moo

"Friendly fraud", or consumer-initiated fraudulent chargebacks, is £3.5bn in the UK for the last year. This is much higher than any investment fraud, crypto fraud, or even globally. This is just one country. Still, nobody cares about this. It's "the cost of doing business." The cost that is paid indirectly by honest consumers. This is what "protect the vulnerable" laws and regulations give you. A dysfunctional socialist system where the shared wealth is slowly leeched to those who are willing to exploit the system. We will soon see a similar surge in the UK regarding banking fraud, because now banks need to cover their customers' losses. https://www.finextra.com/pressarticle/109698/35bn-claimed-by-friendly-fraudsters-over-12-months

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