From what I have read on Kim's blog and other articles, this appears to be more a case of the CEO Choi being an immature and incompetent individual who started

From what I have read on Kim's blog and other articles, this appears to be more a case of the CEO Choi being an immature and incompetent individual who started out to earn some big bucks but couldn't handle failures and ended up creating one fraud after another. To me it doesnt look like he started the company with the intention of committing some grand scam.