As a quant, to criticize these fake quants, our quant (asset management) team has never raised funds from ordinary community clients so far. It's very simple:

1. Our target is very large-scale clients
2. We never disclose or sell strategies publicly
Finally, I want to say that those who blindly trust and are willing to buy your quant strategies are most likely scammers—they're just tricking you out of fees. 🥵