How could anybody working not realize it was embezzling money? It’s not possible to run a 70 man team on 60m of capital, even with 2 and 20. One of my friends

How could anybody working not realize it was embezzling money? It’s not possible to run a 70 man team on 60m of capital, even with 2 and 20. One of my friends is a partner at a hedge fund that manages 100m and has three partners, no employees, and money is super tight, they barely can make ends meet every month. It’s inconcievable that anyone would ever think the fund was legit, regardless if they found the accounting fraud or not.