Before the Securities Act of 1933, a common scheme involved pitching a pie-in-the-sky idea (e.g. a magic CGI smartwatch [1]), paying your self and cronies an absurd salary for a few years, and then calling it quits before rolling again.
No doubt, this still happens. But grandma was quarantined.
My favorite example of this is "Solar Freaking Roadways!". It reminds me of the "Monorail!" from The Simpsons. While there doesn't seem to be ill intent in the former, that doesn't matter if the solution is untenable. A fool and his money...
No doubt, this still happens. But grandma was quarantined.
[1] http://observer.com/2014/08/indiegogos-scampaign-problem-lat...