Pretty bad. There are so many people out there who just don't seem to realize that they need to try to do some research before throwing their money at something. Promises of yield...

At least in the US, I can see this dynamic existing because normal brokers and banks are so heavily regulated, most consumers have learned they don't need to do any research into whether their brokerage or bank or whatever financial service is going to be a direct scam.

But for people abroad, I'm surprised there isn't a stronger culture of don't trust.