Friday, April 26, 2024 2:09:16 AM
Seeing as he engaged in similar schemes for over 40 companies, maybe you can now understand why he needed puppet CEOs. He didn't want the risk involved with having 40+ co-conspirators, nor would he want to share the profit with 40 other people. Not when he can find someone clueless of his fraud to become CEO and take the fall for free.
Thank you, I-GLOW, for providing context and examples from a similar scheme orchestrated by the Mulholland Group. They were very successful in their schemes, making over $250M in ill-gotten profit, and they were pretty consistent in how they conducted the scam. Obviously all 40+ CEOs were used to further the scam, but it seems clear they were duped and scammed themselves.
The truth is never popular.
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