As someone who ran a hedge fund, I would be a little surprised if it turned out that people simply gave this a chance like any other investment. When you do du

As someone who ran a hedge fund, I would be a little surprised if it turned out that people simply gave this a chance like any other investment. When you do due diligence, especially when investing other people's money, you need to be able to justify your choices. If the investment sours you don't want to be the guy who decided to invest with a convicted criminal. You also want to be doing business with "fit and proper" people, this might even be a term that shows up in various documents as a necessity (eg Premier League has such a test for potential owners). Needless to say a guy with his history isn't fit and proper. In some countries you might even be barred from serving on a board if you got convicted of this sort of thing.