There is nothing here to take to the bank. That's the problem.
And your law clerk statement is just your opinion. On 1 hand, he may have no idea about the scam as it happens to be a very sophisticated and well put together thing. It's not as if they wear a sign stating they are a scam. FYI, the SEC had to reinvestigate Madoff 4x before they were able to figure his scam out. And on the other hand, crooks and crook collaborators were once honest, then took a left turn for one reason or another at a certain point. So above destroys your assertion. Boy, that was easy.