Not to ponder into conspiracy theories, but here is another thought. Markopolos wasn't the only one who figured this out. But investing in a pyramid scheme can

Not to ponder into conspiracy theories, but here is another thought. Markopolos wasn't the only one who figured this out. But investing in a pyramid scheme can still be brilliant fun if you get out early enough and enough new victims keep joining. What world would you rather live in? One in which a not so smart but rather well paid institutional investor puts money (your pension) in a scheme that apparently is a blatant fraught for anybody who cares to actually look at the numbers for more than a sec. Or one in which the rather smart but morally flexible investor saw through it and took a well educated guess how long it would hold up and be profitable?