I think educated journalists correctly intuit that, to their typical reader, this is a funny story of a rich guy who stole from other rich people by badly prete

I think educated journalists correctly intuit that, to their typical reader, this is a funny story of a rich guy who stole from other rich people by badly pretending to be a savvy investor. That doesn't make it OK, but it means moral outrage at him is a lot less interesting to read and stories about his antics are a lot more interesting.