Not sure what you mean about "Cycle to work is a lie"
The scheme per se is a massive success in that it has put many thousands of bikes out there and helped bolster the creation of a cycling culture. Before the introduction, bike shops were closing left and right, now they are opening again. Sure, not all of that is down to cycle to work scheme, but it is certainly one element of the story if only because the scheme predated this current "surge"
For sure you are going to get some bikes on sale that people are selling before they properly own, you will also see a number that will have been nicked. A number of committed cyclists have also taken advantage of the scheme to feed the n+1 habit (not me of course, I can stop any time I like. The fact that my employer has a £2.5K limit on the scheme is just ... GET THEE BEHIND ME SATAN), that's a valid use of the scheme, too.