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unless outright fraud has been established I've always suspected that was part of the reason- it's simply far easier to defraud small fry who don't have the ex

• JumpCrisscross 9y ago
  > it's simply far easier to defraud small fry who don't have the experience to spot fraud or the resources to prosecute it Legal and diligence costs on most illiquid investments are tens of thousands of dollars. Anyone investing small amounts (a) can’t afford the diligence, (b) probably doesn’t know what they’re doing and (c) can’t afford to lose even that small amount. That attracts a specific variety of fraudster (see Bitconnect). We’ve seen this happen every time we break the wall between markets with high and low information assymetry.