Bullshit. It was a legally disclosed "related party transaction" and happens every day on Wall Street.
I'll give you an example -- a profitable fully SEC reporting company I follow pays for a lease for a private jet for the CEO and the CEO happens to own the private jet company.
Newsflash -- it's not illegal for two companies to do business with each other despite both being majority owned by the same guy.
"transferring (STEALING) assets to his own private LLC and then to another company that he is BOD"
Please explain. I know there was some mention of his establishment of a few LLC's, but: What specific LLC and what specific assets are you referring to?