This serves to reassure the protege that they isn't any real danger of being held accountable. That there are mechanisms in place to shield them from any real consequences.
This one is much more insidious. This is how these white men learn that if they get away with the scam long enough, and make enough money at it, people will just decide to accept it. Money and power make problems go away.
"These are small things! We have no idea why everyone is so upset, am I right?"
White men learn to gaslight the rest of us by labeling the harm they inflict on people as trivial.
"If you wanna be a billionaire, this is what it takes. Let me teach you how to lighten the burden."
All of these things are connected. It's why we say there are no ethical billionaires.