Your argument is in alignment with

    * "There's a sucker born every minute" and
    * "caveat emptor" and
    * "If I can trick you into giving me your money, that's your fault" 

With a sufficiently large pool of people, scammers live and thrive on busy people.

Regulation helps discourage that.

In this case, "REG-U-LATION" actually "caused" the issue. Up-to-date LIDAR of every home in America was deemed to be invasive breach of privacy so was regulated out. This product didn't successfully account for future non-technical issues.

I "foolishly" tried to reward a previously known-good vendor by buying a product from the company that had sold me a vacuum that worked for ten years... which brings up the next truism:

    * "Past performance is not an indicator of future success"

Cue the tiny violin.