I completely disagree with this. The BST owner has to provide a review service to the moderator first. If the result is not acceptable, the BST won't be live ever.
I personally believe that the owners as well as the mods do their best to keep the marketplace clean. It's not only about money. If it was, every BSTs would have been accepted instantly, because it would result in much more money.
I agree mostly with you, but on the other hand I have seen some ridiculous misleading titles. Now a professional international SEO superstar like CEOMicky is not going to be mislead by these titles, but we do have some 12 years old kids who need protecting from this blatant misleading title trickery.