Jamie Loftus

So about a million people possibly lost their entire investment in this company, which is a stunning amount of people to take money from.

And again, we are probably looking at like five or ten billion dollars stolen, something like that.

It's kind of unclear the exact amount.

But anyway, this is what the guy in the Delaware bankruptcy court filing.

This is what the guy who was the guy who.

took over Enron after it became clear that the whole company was a criminal enterprise.

This is what that guy wrote about Sam's company.

OK.

Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

From compromised systems integrity and faulty regulatory oversight abroad to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals.

This situation is unprecedented.

Again, that's the guy who took over Enron.

Well, I will say it's different.

This guy did not commit any of the Enron crimes, right?

This is the guy who comes in.

No, no, no, no, no.

This guy is after.

He's brought in, it becomes clear that-

This guy, yeah.

It's probably best to look at this guy as like an EMT.