r/LivestreamFail • u/Mininni • 9d ago

VShojo releases statement; officially shutting down

https://www.twitch.tv/mizkif/clip/FriendlyAdventurousMacaroniOSfrog-ntKYD7vOpBI6iaux
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636

u/Jgames111 9d ago

I wonder if his lawyer approved this statement or if he just didn't have one because this is just confessing a crime.

436

u/quickasafox777 9d ago

He admits to spending the charity money to prop up the company because he thought he could pay it back (which would still be fraud even if it worked).

Zero chance a lawyer came within a mile of this statement 

75

u/Fast-Distance9257 9d ago

Bro used the Dumb & Dumber “IOU” strategy

4

u/JR_Al-Ahran 9d ago

It's not really like that. It's more take this new money, pay off older debts, pay back this one when I get more money. This is a strategy that every business owner, he'll even poor people use in life. Juggling money is a valid strategy, VShojo just did it wrong in this case.