There just haven't been enough enforcement actions yet. "Advisors" will think twice once there is a history of people doing these paid endorsements for fraudulent fundraising losing their jobs and going to jail.
https://www.bitsonline.com/china-death-penalty-ico-traders/
https://www.cbsnews.com/news/death-penalty-for-chinese-ant-f...
http://www.chinadaily.com.cn/china/2011-11/09/content_140611...