[rsp1984]

It's distribution. Guy's got a brand name now. People and investors recognize his name. It's a lot easier to find an absolute quantity N of investor money for a fraudulent but well-known name than it is for an unknown upstart.

The fraud might have a low close rate but the top of the funnel is huge. The unknown upstart can't even get meetings.

[game_the0ry]

His “brand” is “torching investor money.”

Still don’t get it.

[actionfromafar]

He might credibly have access to federal bailout, too. That's worth something.