To be precise, they don't scam their LP investors, in fact they did generate nice returns to them with those ICO scams. The retail investors who bought the garbage at high valuations were the end target for the scam.
Meanwhile for example AH has made investments also to legit startups.
Were any of the “retail investors” who lost money investing in a product approved by the SEC? If not, how is it any different from investing with a random person who approaches you on the street with “a great opportunity to make money”? Why would your expectation of being cheated be any different?
Meanwhile for example AH has made investments also to legit startups.