"Investment Opportunity" with Art Schlichter: What could possibly go wrong?

This guy swindled you?  Shocker.

Art Schlichter is in trouble - again.  The former Tosu QB-slash-gambling-addict-slash-ex-con is under investigation for a scheme that allegedly swindled numerous people out of several million dollars.

According to the ESPN.com story linked above:

(Schlichter) reportedly solicited people for money as part of an "investment opportunity" that involved brokering and selling tickets for Ohio State football games and other prominent sporting events to various people nearly two years ago.

The money collected by Schlichter was then used to place bets, some of which exceeded six figures.

You know, if you're dumb enough to give your money to Art Schlichter for him to "invest," then you deserve to be ripped off.

Seriously.  How fucking stupid were these people? Apparently they couldn't get in touch with the Nigerian Internet guy to send their money to him so they decided to go with Schichter.  I mean what could possibly go wrong with an "investment opportunity" run by a guy who has served time in 44 - yes, forty-fucking-four! - different prisons or jails since 1994?*

* That's not comedic hyperbole, that's true!