This was an incredibly bold operation from the begining. They planned to exit one way or another, using the incorporated in the US to gain trust and the plan was not to just disappear, but file for bankruptcy as in "it happens".

It is remarkable how they used the depositors or investors money to pay for their lawyers and yet the government considers this a chapter 11 instead of 7, as if there is any way to conduct business going forward. Reputation gone, money gone, the owners gone.

Every time something like this happens, on such a scale, makes you wonder, how can so many people fall for this?

I am not sure greed is the only factor, there must be more behind it, some shrinks will have a field day.

And all the victims are now asking for a government intervention.

There is no free lunch, even mashinkis money will come at a large cost. From what I read, many lost over 100k and some lost 7 digits, certainly some shady people amongst these.

In conclusion, this was planned from the very beginning. If they could run this profitable, fine, if not, they hiding money followed by chapter 11 was the backup plan.