Many people seemed to give him a lot of money once everyone started telling ponzi.
That kind of makes sense, since once you know it is a ponzi you can figure a way to try to profit from it, such as by sending in lots more lambs to the slaughter, whereas when you didn't know what it was it was maybe harder to see why (or even how) he would ever give you any of your money back...
-MarkM-
Part of this IMO is that once people yelled ponzi people wanted safe investments and bought insrued pirate stuff. However it turns out most of the insurance money was also sent to pirate :/
You see, this is where those people were wrong.
If people yell ponzi people should GTFO of the deal, not seek some insured ponzi stuff.
But in those situations usually greed takes over and the FIRST thing greed does is throw reason out the window.
Or would you claim that you honestly thought there was not a
huge huge risk that pirate would not pay (and that is not a rhetorical question)?