The big mistake is he was small enough to fail. He wasn't protected by institutions that have captured the government. If you are going to gamble with other pe

The big mistake is he was small enough to fail. He wasn't protected by institutions that have captured the government. If you are going to gamble with other people's money, you need to do it like the banks did in 2008. A direct "Ponzi" or embezzlement from your customers is too easy to connect the dots.