I guess i should more clearly explain my comment. IMO, CMKX was a scam from the beginning. it was conceived as a scam, operated as a scam and died as a scam. it was never meant to be anything else. It never could have been anything else. the fact that a thousand hangers on came along to carve out their piece of scam pie, does nothing to change the essential fact that it was a simple scam.
It didn't start out as a legitimate operation/idea and then get corrupted because this person or that person got involved. UC never had any intention whatsoever of running a business. his only thought was to steal as much money, from as many people as possible and as quickly as possible. the fact that he had others help him along the way, doesn't change the fact that he is the central bad guy.
All the rest is just detail. Very, very interesting detail, with lots of bad guys who should all go to jail. My explanation isn't as clear as i would like, but I get the feeling that people are over analyzing this, trying to justify UC or their own decision to buy because "everything would have been fine if it were not for A or B or C or D or XYZ getting involved." Lots of bit players and a supporting cast of dozens here, some with vital roles, but the main characters were the Casavants & Edwards.