The CEO said Funding did not happen You apparently missed that admission from the CEO The likely did a credit check and found that the CEO is not paying back any of his loans or obligations. A criminal background check shows felony convictions for money laundering and felony fraud (obtaining money by false pretenses). It also shows he was charged with 5 felonies for beating a woman. Quite the coward, because he is also known before that for beating a woman and a small child.