Yes. They've gambled away the money that didn't even belong to them in a game of chance.
It's a casino, but with other people's money.
> And a moment of due diligence would have so informed anyone considering investment in anything
Ah yes. It's not the criminal who's at fault. It's all the people who didn't think this was a criminal.
To be fair so is Venture Capital and Private Equity. The difference lies in the degree of diversification
"The criminal is at fault" and "the investors weren't very wise to give him their money" are both true.
Yes. They've gambled away the money that didn't even belong to them in a game of chance.
It's a casino, but with other people's money.
> And a moment of due diligence would have so informed anyone considering investment in anything
Ah yes. It's not the criminal who's at fault. It's all the people who didn't think this was a criminal.