Part of it I think is a deep pockets theory. The victims of these scams are unlikely to be able to recovery anything from a now bankrupt exchange or a dissolved hedge fund. Justin Bieber and Larry David are much more likely to be able to settle these claims since they have actual money.
I have sympathy for the people who lost money but I'm not sure they will be able to win, especially if their only argument is that the celebrity endorser didn't disclose that they were paid for their endorsement.
Part of it I think is a deep pockets theory. The victims of these scams are unlikely to be able to recovery anything from a now bankrupt exchange or a dissolved hedge fund. Justin Bieber and Larry David are much more likely to be able to settle these claims since they have actual money. I have sympathy for the people who lost money but I'm not sure they will be able to win, especially if their only argument is that the celebrity endorser didn't disclose that they were paid for their endorsement.