He didn't really commit fraud, though. He really did create a successful business. He didn't defraud anyone, he just convinced supposedly smart investors that h

He didn't really commit fraud, though. He really did create a successful business. He didn't defraud anyone, he just convinced supposedly smart investors that he was somehow going to generate billions in profit from a company that just didn't have the business model for that. He found a little glitch in the system, and honestly, that's fine. This is how the system learns, and hopefully fewer investors will waste their money on someone like him in the future. But at the end of the day, what he did wasn't really illegal, and it shouldn't be. The bare essence of what happened is he asked some supposedly very smart and sophisticated people to give him billions of dollars, and they said "we like you, so yes". There's nothing intrinsically wrong with that, it's their money to throw away how they please, and they should have known better.