That’s true but not relevant. I have absolutely no sympathy for the rubes who thought FTX was a good place to put their money, but that doesn’t make the fraud any more OK.
Also it's exactly the opposite, scamming the public is fine - United healthcare can scam the government out of billions, no one goes to jail, minor fees but it's +ROI for them.
Murdoch's lose an investment after YOLO-ing a few hundred mil and no diligence and they get the feds to give jail time?