[bsder]

> too many legal protections to effectively shut down ponzi schemes/cons/etc.

The problem is that the the person carrying out the scam is playing with "house money" while the ones trying to stop him are paying cash. He is paying lawyers with the money from the investors and burning up the assets. So, by the time you are done, it may be a Pyrrhic victory.

[lend000]

How many hedge funds fall into this category of scammers? And with our protective legal framework, how come you still had to deal with a situation like this?

Not only do I dislike the freedom limitations in principle, but I've been giving everyone the benefit of the doubt that limiting freedoms will actually prevent the targeted type of scams. In reality, scammers will always find a way, criminals are not bound by laws, and we're still stuck with the inherent flaws of only giving the rich access to wealth-generating funds.