You missed the whole basis of his post. Madoff wasn't "proven" to be a fraud until it was too late. The indications began to show up, though, before the proof was made obvious.
Unlike financial advisors though, you don't automatically assume they're frauds. In the Land of Pinks, tho, you DO.
Apparently, the general market is leery of THRR being a scam, as well. That's proven by the chart.
The reward IS out there!
Indeed. SO IS THE RISK!