But those defending Pillsworth are clueless about the basics of accounting.
It is hilarious that anyone thinks what Schaefer did is the same as Pillsworth - which isn't true - because CCTL didn't include Bitcoin on the Balance Sheet - Schaefer was stating the deal hadn't been completed. That is why he didn't include them on the Balance Sheet.
Pillsworth knew the Bitcoin didn't exist but put them on the Balance Sheet which is fraud.
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