I don't see how this is defensible at all. It's both malicious and stupid, along with being a poor business choice. He gambled away money that wasn't his (bett

I don't see how this is defensible at all. It's both malicious and stupid, along with being a poor business choice. He gambled away money that wasn't his (betting on his own company), and concealed it from the people the money belonged to, then told them they were SOL. He's basically a micro-Madoff. It's not nobler because he used the funds to "keep the business afloat"-- that was for his own benefit. Presumably, a good chunk of that money was spent on his personal living expenses. A stand-up guy wouldn't do this.