This is one person who basically fabricated their entire user base and got a $175 million acquisition. They got caught because the degree of the fraud was egregious and obvious. JPM it seems didn’t do almost any due diligence. The lesson to me here is that there are probably plenty of people faking it until they make it and doing just fine.
People really need to learn if you get a huge pay day via fraud, then take your cash and head over to a country on rocky diplomatic terms with the US and no extradition treaty, and be generous with your hosts.