Likely incorporated in the Bahamas, so it's unclear to me what those standards are.
If he didn't keep records, they likely just made up numbers
ahh that's a good point. forgot about the incorporation there. but still, the fact these other seemingly smart investors bought in clearly without looking at the accounting just makes me think even more there was a separate purpose.... say money laundering and infinite dem cash via the taxpayers.
Oh, that's clearly what it was from the get-go
(post is archived)