How long was Larry affiliated with this person? This is very concerning...i do not like this being brushed under the carpet.. everything is clean now mentality. We need the details.
Was it a fraud, or just did it fail. I see no reason to raise a big red flag over a failure from many years back as a reason to not buy the stock. But you may do and that is your choice.
I am satisfied with my DD and have seen many more questionable actions that I have looked into and am content with the answers that I have found.
I will remain invested, you may or may not, that is your choice.