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Embezzlement charges? Where is that coming from? If he doesn't have outside shareholders, he can change the structure of the company by fiat 10 times a day from a Rails-scaffolded web-app that generates new company documents, and it's all perfectly fine.


"a Rails-scaffolded web-app that generates new company documents"

Forget the company. I think I just found my entry for the next YCombinator contest. :-)




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