The first CEO knew it was junk, so he decided to scam people. The second CEO saw the first one and decided to join the party. I mean, Korenko sat on the board since 2009 and watched the whole scam but never did a single thing about it until apparently a "shareholder" said something.
Either way you slice the cake that it's just bad.
The gel doesn't work accordingly. It's why the second set of rabbits with Krimins were never documented. It's why Fisher wrote the research paper in 2021 yet created the gel in 1998 only to make RadioGel look believable to the FDA.
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