Your statement tells us you are not so clever either
riorancho, any serious and educated investor will research the company he may invest money into. That includes all available information regarding the past history and performance of the company. Not doing so is very risky and, to a point, negligent.
Of course, I am talking about serious investors, not opportunists.
Sounds like you kissed away a whopping about $25,000 bucks(depending on whether you averaged down) out of your kids education on this as you say scam.
How come ,as a knowlegable investor ,you misinterpeted all that good stuff a serious investor would have discovered.
GET REAL