I'm finding it hard to believe that Stuart Fraser is more culpable than the man who lied directly to customers daily.
The class action is a civil case. They're not after the most guilty guy but after the one who is guilty AND has money.
Yeah call me slow, but how did Homero get removed from the list of defendants in that newer pdf?
It looks like he's cooperating with the plaintiffs. The new complaint has some details that only Homero would know and it's stated right at the beginning that he provided some info. Likely in exchange for being dropped from the case.
I would like to know where all the $20 million went? It could have all been blown, but I seriously doubt it.
It was stated somewhere - in the SEC lawsuit? - that ~10 million was paid out via hashlets etc. Not surprising, what with it being a ponzi. The private jet rentals and fancy cars cost money too. Purchasing S4 miners from Bitmain cost a million or two. I can certainly imagine that Homero blew most if not all of it. He seems like the type of person who could do it. Also keep in mind that all those pivots (miners -> hashlets -> paycoin) were attempts to keep the ponzi alive so he was constantly running out of cash.
Having said that, he could have stashed a couple of million away. I doubt he had the foresight and discipline, but possible.
