If there isn't criminal enforcement these scams will continue to grow and amplify.
Risk of private action can be mitigated by making sure the victim's best recovery comes from selling their position along to a greater fool. At the end of this process the last bag holders individual losses are enough to not justify the cost of litigation. Costs which are all the greater for private individuals because they lack the governments power to investigate.
(and if fools run out a bit too soon, a bit of the initial income can be used to vacuum up the remainder)
Risk of private action can be mitigated by making sure the victim's best recovery comes from selling their position along to a greater fool. At the end of this process the last bag holders individual losses are enough to not justify the cost of litigation. Costs which are all the greater for private individuals because they lack the governments power to investigate.
(and if fools run out a bit too soon, a bit of the initial income can be used to vacuum up the remainder)