It might have not been obvious it's a fraud but it was obvious not to put significant % of your net worth in his fund. It's basic risk management. Maybe I am b

It might have not been obvious it's a fraud but it was obvious not to put significant % of your net worth in his fund. It's basic risk management. Maybe I am biased coming from a gambling world where it's the very first lesson you get. Betting more than a few % of your net worth on one horse is just a judgement blunder.