Hedge fund blowup or ponzi scheme?

How many hedge funds blew up in the last 12 months?

How many of these supposed blow-ups were to really disguise carefully crafted ponzi schemes?

How easy would it be to tell investors that you simply made some bad bets rather then telling them that you stole their money?

the sad part is that trust in the markets will never comeback b/c wallstreet looks like a trillion dollar ponzi scheme to most people.