"Yes, I was conned in as much as I read the headlines and didn't bother much with the small print - who does"?
You weren't conned. By your own admission you didn't bother to read the terms and conditions before you committed. You can hardly blame anyone but yourself in those circumstances.
"I guess my perception is, another boiler room operation knowing that most of the fees paid won't ever get back to their victims if they cancel."
That may be your perception, but you don't 'know' anything of the sort.