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Except, as it was organized, it wasn't his to close.
If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.
If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.
As it was organized, it was an illegal securities trading market. Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail. That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts.
Have an illegal drug business? I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.
I don't have a clue what you are talking about or why any of what you said matters.
He owned a company. He sold ownership to that company. He did stuff other owners didn't give permission to and he ended up unilaterally shutting down a good company screwing the other owners and the users' privacy in the process. What some gang of thugs thought about his company is completely irrelevant.
He organized an illegal company. There is nothing to stop him from doing whatever he wants with the money because nobody will go to the police to stop him. An unenforceable contract is not worth the paper it is printed on.
