While we all can think that it was disposed of illegally, it went through the Bankruptcy process, the judge allowed the sale and most importantly, VCU allowed the transfer (and was paid $75,000 for that transfer). I had a number of email exchanges and phone conversations with a couple of people at VCU prior to the court allowing the sale and at first they were against it, but then decided that it was the right thing for them to do. It was their patent, it was their decision... We did everything we could to stop it, but the judge and VCU ultimately let it happen.
As for the money that was paid for the asset, as Eli mentioned, that's part of a lawsuit the Creditor's Committee has filed to recover. The judge was very specific that he was allowing the sale so that the company had funds to pay attorney fees and such, but most of the money was used to pay Swift's consulting fees, including $5,000 a month that is supposed to come from Xechem Nigeria.
