If you have the money to participate and lie about having/earning more money then you qualify.

There is no constitutional way to prevent you from investing based on net worth, so the law places consequences on the companies offering investments.

And the only time this affects the company is if they were relying on a regulatory exemption that also allows unaccredited investors, in which case you should have just participated as an unaccredited investor and they were supposed to verify.

Otherwise, the law says “self-certify”, which is the state sanctioned term for lying.