Induced people to invest their savings in business venture

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Rob Leslie induced people to invest their savings in a business venture that he represented to be risky. Because the planned venture never became operational, Leslie never applied the investors' funds in the way he promised. Instead, he used the funds to pay for his personal expenses. The investors wanted the state to charge Leslie with fraud, but state prosecutors declined. What was the most probable reason for that decision?

Reference no: EM131305942

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