If you intentionally commit fraud, saying that the victims should have known better and patients did not get hurt is not much of a defense. Fraud is fraud no ma

If you intentionally commit fraud, saying that the victims should have known better and patients did not get hurt is not much of a defense. Fraud is fraud no matter the consequences. Investors are not expected to need to see through blatant fraud. Many laws and regulations exist for the precise purpose of preventing fraud because it's not supposed to be one of the expected risks of investing. The expected risk of investing is that the business might lose value or fail in the marketplace, not that the entire operation is a scam.