Because maybe somebody who screwed up might read it and be inspired to fix his/her life?
He's a minor celebrity who was wealthy and is now broke. News organizations write stories that they think people will want to read and thus click on a link to read it. People like you.
Nowhere in the story does he ever appear to be seeking any sort of sympathy from you. You grafted sympathy onto this story to specifically and proudly announce that you don't have any. I really have no idea why you introduced that element just to denounce it.