Beanie Babies were sold in a controlled market with promise of profit to desperate housewives hoping to make money on the backend. Some made a profit, most lost money.
It is highly unethical, but not criminal, to prey on desperate people.
Some Memecoins like $HAWK and $TRUMP are in the same category. Shady insiders make all the money, desperate people get dumped on.
All are fueled by greed. Please don't get scammed.