Contract law is just ~wonderful~ when you can't track down the person who's just run off with your life savings, or has invested it all badly and lost it entire

Contract law is just ~wonderful~ when you can't track down the person who's just run off with your life savings, or has invested it all badly and lost it entirely and no longer has any money to return to you. But let's punish people by destroying their lives for making bad decisions about who to trust, right?