I don't think Gary or Art realized the SEC would/could backdoor pct in the scheme.
Gary and Art can only cover their tracks inside the walls of pct. Going after the lenders removes any and all dependency on pct, et all, being forthcoming with records and documentation.
Sure will be a great day for pctl shareholders if/when this investigation produces indictments for pct leadership AND their little minions they use to scam shareholders on anonymous message boards. More than a few of those turds who have mysteriously disappeared from here should be a little more than worried I'd think.