If someone is handing their money to the dude, then they SHOULD care whether or not he's trustworthy.
Likewise, if I was hiring him to babysit I'd want to know his background.
Who just hands their money to any ol' dude without checking him out first?
And if they discover that he's a chronic liar who recently lost an investment company and a public company, why the hell would they give the dude MORE money unless it's an act of charity to help out a struggling businessman?