To add to this, it was a leveraged investment scheme. Think if you buy a house with 20% down and sell for a loss between 1-20%, it's your money that disappears

To add to this, it was a leveraged investment scheme. Think if you buy a house with 20% down and sell for a loss between 1-20%, it's your money that disappears first and the lender is not impacted. This was the same concept except the investor's funds were the down payment. There's a bar chart graphic in the article demonstrating this. Average reader of Bloomberg will not feel pity for the subject of the article as they are "supposed" to from the way the journalist wrote it. She played with leverage and got burned, lured in by the unreasonable promise of 30% annual returns. Not much different or "scammy" than people who lose their money in leveraged stock funds, Forex, crypto, or many other investment products. Too bad, if she took her $200k and used it as a down payment on a residential property investment in 2021 the value would probably be up 20-30% in most markets. S&P 500 would be up 15-20%.