why no charges
It's very simple. This kind of low tier scam is too widespread and not enough resources to pursue it. There has to be either something to get (viable) or to prosecute the ceo's for high net crimes such as insiders trading, certain fraud, etc. In the past, nobody wanted tu waste their time with this because it's worthless. And Inside investors either played a role or were hoping for a miracle.
Today, people have had enough and have collaborated with eachother, lawyers and officials. They include inside investors, former employees, franchisees, vendors , contractors, customers, partners, etc.
More to come...
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