Am I reading this wrong or is his defense essentially: "This person is smart and has told me they could do this thing, so i funded it. If it ends up not being p

Am I reading this wrong or is his defense essentially: "This person is smart and has told me they could do this thing, so i funded it. If it ends up not being possible, I'd fund them again because they are smart and driven". So you want to fund people who are essentially scamming you? Is being a smart and driven huckster better than being a smart and driven person who also doesn't need to make things up.