I believe that NEOM's management has known all along!
Anyone worth their salt, would see it staring them in the face. There is no way the CEO down to the secratary could be blind to the infractions.
That is why the links are so common (see Jonsie chart).
I would guess that once the SEC starts digging, the FEDs wil get involved.
They have probably ruined a lot investors lives by screwing the investment to nothing. Look at how many NEOM investors have been underwater now and how many just wrote their investment off as a bad mistake.