NanoTech Entertainment Inc (NTEK)

[DangFool]

If all the moneys coming in from the scam are going to pay off old debts, why do it at all? They'd just be digging the hole deeper when the investigators come by, and bankruptcy would wipe out those debts.

So there's still got to be profit in them for continuing to commit, you know, actual securities fraud. I realize they've done it so much now that it doesn't even occur to them any more that it's criminal, but they still wouldn't do it unless there was some sort of payoff for the insiders personally.

So I think at least some of those "aged debts" must be backdated payments to themselves. Think "deferred salary," that sort of thing.

Why would Riordan be doing it? He's a crook, sure, but he doesn't seem to have the same natural comfort with larceny that these other folks have. Somehow, he's got to come away from this with a million or two, right?