Should Governments regulate fraudulent religions?

[Angrboda]

That's an interesting question for a democracy committed to protecting individual liberty. On the one, if the society is to survive and thrive, social institution like banking, various government entities, and the systems (like voting) that form the foundation for the democracy itself have to be protected. On the other hand just how responsible is society for protecting any individual from being had by a con? Pretty much everyone is vulnerable if the con is sophisticated enough, has enough resources, and can control people's access to information. (I'll suggest the current administration as a good example, with tens of million of Americans being had.) But are we really responsible for protecting every individual from being stupid?

The question is not the protection of the innocent but the conviction of the guilty. Once a fraud has occurred, the damage has been done, and the only debate is what consequences should follow for the perpetrator of that fraud. Perhaps instead you're asking whether we should take steps to deter the occurrence of fraud. I don't see how you can answer that in anything but the affirmative.