United American Corp. (UAMA)

[65actual]

Astounding level of fraud and incompetence killed UAMA!

Facts don't lie and convicted criminal CEO never had what it takes to be an effective CEO.

He had control of some decent assets but couldn't bring himself to hire talent that weren't just "yes men". If he'd have been smart enough to hire a proven CEO with the ability to raise money UAMA would not be the failure it is today.

The man's ego got in the way and he wasn't ready to sit back and reap the rewards of a performing enterprise. Killed his own families path to greater wealth in the process.

He made is bed and he gets to lie in it. He's still an undischarged bankrupt after 10+ years and on the receiving end of a growing number of law suits. When, not if, the SEC acts and sanctions him and fines him his fate will be sealed.

Shame really as a few people sought to support him and in the end he betrayed their trust.