Nice fact-free post there.
With respect to the last one, if someone buys shares in a company which then go down, absolutely nothing got stolen.
I agree with you from a technical or legal standpoint. It's up to the investor to make sure he knows what he's investing in.
That said, I'm a bit concerned that there's been some circular revenue among AI companies. It may be that a lot of them are showing revenue, but it's really money investing in each other.
1) Nvidia invested $100 billion into OpenAI.
2) OpenAI agreed to a $300 billion cloud contract with Oracle.
3) Oracle spent billions on Nvidia hardware to build data centers.
All 3 of those companies can legally report incoming money from AI activity even without money from outside their circle jerk showing interest in their AI services. That might be legal, but IMHO it's immoral.
The best cons are when the victim never figures out they have been conned.