Nah he hasn't done anything illegal. He's an accountant running a biotech company. He's very good at ensuring he gets paid and not great at designing trials or doing market viability research (ABSSSI).
Here's to hoping he can pump the stock with whatever this new asset he's looking at purchasing. I'll bet it's twice as good as Brilacidin for half the price! I've learned my lesson Leo. Just find me one more greater fool to sell to.