We've had Ponzi scams before. They were illegal when running and the perpetrators punished (apparently) to the full extent of the law. The same laws still appl

We've had Ponzi scams before. They were illegal when running and the perpetrators punished (apparently) to the full extent of the law. The same laws still applied through the run ups of the current crop of Ponzi schemes and their collapse will surely be investigated and prosecuted (and victims compensated!) with the unflagging integrity and firm justice as the previous examples. Where were the regulators? Where they always have been, avoiding action as assiduously as any burrocrat. They're already polishing their seats in anticipation of the Next Big Thing.