Everyone knows by now you need to start a crypto snake oil company if you want to get away with fraud at that scale.
These people generally work with clients that can move lots of money. If somebody who knew that Madoff was running a ponzi scheme democratized access to his fund by marketing the fund to small fish, collecting money from them, taking a management fee, and investing the remaining amount with Madoff, we would seriously question their ethics. Coinbase, Robinhood, and now Wealthfront seem to be getting away with the same thing without criticism.
This is so impressive i still wonder how people like that just don't leave the country after like 10M
People are often greedy. Instead of getting out when they're ahead, they get sucked into the "sunk cost fallacy", where they've invested so much time/money that they feel like they must see it through to completion. I've noticed this in myself throughout my life from time to time.
Wow shocked this still goes on today. I would thinks professional investors would do more due diligence
Wait till you see the forests and solar plants "green-washing" money bought in the third world..