By the way, I am blissfully ignorant of this entire topic, so I can just offer a kind of outside view: The proper time to be skeptical is when people are making extraordinary claims. Freaking out after their plans fail is a bit too late.
Saying “fraud is bad”, while technically true, is not very helpful if it turns out that the thing was a scam only after you have already invested “life savings and careers” in it. Think about what you need to do differently the next time, before newspapers start reporting that something has collapsed.
By the way, I am blissfully ignorant of this entire topic, so I can just offer a kind of outside view: The proper time to be skeptical is when people are making extraordinary claims. Freaking out after their plans fail is a bit too late.
Saying “fraud is bad”, while technically true, is not very helpful if it turns out that the thing was a scam only after you have already invested “life savings and careers” in it. Think about what you need to do differently the next time, before newspapers start reporting that something has collapsed.