Because he's a libertarian and believes in Caveat Emptor, but mainly because the all important "legit" gambling lobby on here was moaning about this type of scheme being promoted in their sub forum.
I've watched it since it started and I think that the kids who go in there with their faucet dust burning a hole in their wallets have understood pretty quick what is real and what is not so, on balance, I think Investor based is a useful sub forum.
I'm not advocating wrapping people in cotton wool to insulate them from the big bad world, but calling out thieves and liars is a different matter.