It was jerrybanfield's scam and a rush to get richer quicker that made him fall down and lost favors of the many steemians. In this platform we have to be at least be honest otherwise people will not like it and will reject you outright. It is just his steem power make him attractive to some people like in the real world where the powerful elites just rules over and loved even though they are bad persons in reality because of the riches and powers they possess.