And b/c they could have realized a gain at any time they should have to pay taxes on it, fraudulent account or not. If people got their taxes back every time they made a bad investment, there would be even less risk in the market and we'd have even worse bubbles.
Don't get conned and you won't loose all your money....same way I feel about all those who lost all their investments "legally", they weren't realizing actual business gains last year and Wall Street played everyone a fool....