It's either that, which is a fair point to consider, or, alternatively, he knew the deal was corrupt as heck, and that it would probably fail, and signed off on it with the guise he had no prior knowledge of the dismal outcome which it would certainly come to.
Then he drops a dime on Zhabilov and partners, to the SEC, offering to turn states evidence. BOOM!
Works either way. You may be exactly right; I just have a problem thinking that Cotropia could be that dumb, having seen Zhabilov's operations for years before that. You'd have to be really blind to miss the SPAC risks and probabilities. More than half of us on this board predicted almost exactly what happened, and we're another life away from it in distance. You may remember MAGS and I laughing how bad it had gotten to be by July of last year, and it sucked before that.
We all knew the news about the dividend delay confirmed our worst fears about SAGA for good.
GLTY